ISLAMABAD – The Pakistani delegation has presented its implementationreport to the Asia-Pacific Joint Group (APG) at a face-to-face meeting inGuangzhou, China, with officials of the Financial Action Task Force’s(FATF) regional affiliate.
It was reportedlinkonThursday that the 10-member delegation, led by Finance and RevenueSecretary Mohammad Younas Dagha, has informed the APG about Pakistan’smeasures to stop terror financing and money laundering.
The delegation apprised the APG about measures taken at airports and land &sea border check-posts to curtail currency smuggling. The delegation alsoinformed the group about Pakistan’s efforts to curtail activities of bannedterrorist outfits and stop monetary transactions linked to them.
The delegation includes officials form the Ministry of Foreign Affairs,National Counter Terrorism Authority (NACTA), Financial Monitoring Unit(FMU), Ministry of Interior, Federal Board of Revenue (FBR), State Bank ofPakistan (SBP), Securities and Exchange Commission of Pakistan (SECP) andthe Federal Investigation Agency (FIA).
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Pakistan has already submitted a report informing the APG of the actions ithas taken against proscribed organisations and to strengthen its systems inorder to block the flow of funds that may be used in terrorist activities.
In October, the FATF Asia Pacific Group had demanded more action fromPakistan to put an end to money laundering and financial assistance toterrorists.
