ISLAMABAD – The three-day Financial Action Task Force Plenary meeting hasconcluded in Paris.

The meeting discussed combatting terrorist financing, including theadoption of a new counter-terrorist financing operational plan.

It adopted a report to the G20 Finance Ministers and Central Bank Governorsand updated FATF Guidance on Counter Proliferation Financing. It decided tomonitor Iran’s actions to address deficiencies in its Anti-Money Launderingand Counter Terrorist Financing system.

Pakistan’s name has not been mentioned in the FATF report issued at the endof three day Plenary meeting in Paris.

Further there is no mention of placing Pakistan on the FATF CounterTerrorism watch list in June as reported by the media.

However Pakistan has to submit report of the Financial counter terrorismmeasures taken by the country to the FATF by June.

The meeting discussed the mutual evaluation report of Iceland, which setout the level of effectiveness of Iceland’s Anti Money Laundering andCounter Terrorist Financing system and its level of compliance with theFATF Recommendations.

The FATF congratulated Bosnia and Herzegovina for the significant progressmade in addressing the strategic AML/CFT deficiencies earlier identified bythe FATF and included in its action plan.

The FATF also discussed the progress that Brazil has made in line with theaction plan it agreed in November 2017.