ISLAMABAD: (APP) Minister of Finance, Muhammad Ishaq Dar on Monday said that Pakistan had now fully functional Anti Money Laundering (AML) and Counter Financing Terrorism (CFT) regime which was equipped with legal and operational capabilities to meet international obligations.
"The problems of money laundering and terrorist financing are global problems and have to be tackled globally through cooperation and strict preventive measures", finance minister said while chairing the 9th meeting of the National Executive Committee (NEC) on Anti Money Laundering here today.
He said Pakistan had strengthened its domestic laws so as to prevent such crimes.
He assured all stakeholders of government's full support in their efforts to combat money laundering.
Law Minister Mr Zahid Hamid and Advisor to Prime Minister on Foreign Affairs Mr Sartaj Aziz were also present.
During the meeting the Finance Minister was briefed by the Director General of Financial Monitoring Unit (FMU) on the progress of the implementation of decisions taken in the 8th meeting as well as the preparations for the upcoming meeting of the Asia Pacific Group in United States in September 2016.
He was also briefed about the progress on National Risk Assessment as well as plans for Pakistan's Mutual Evaluation due in 2018.
The meeting also reviewed in detail the working of the FMU and appreciated the work being done by it in the field of anti money laundering.
The meeting was attended by Governor State Bank of Pakistan as well as senior officials of Ministry of Finance, Federal Board of Revenue, State Bank of Pakistan and Securities and Exchange Commission of Pakistan.