ISLAMABAD – The Third and last round of the three days talks betweenPakistan and Asia Pacific Group of Financial Action Task Force (FATF)concluded here Thursday.
The group was briefed by the officials of Financial Monitoring Unit (FMU)about the steps regarding regulating suspected financial transactions.
The group was informed about various steps including confiscation of bankaccount and property as well as actions taken against financialinstitutions and companies.
The Securities and Exchange Commission of Pakistan (SECP) briefed thegroupabout the implementation of laws regarding prevention of money launderingand financial support to terrorists.
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The group was also briefed about the process of exchange of information andagreements with other countries for prevention of terrorists financing.
