BEIJING: *New developments reported over Pakistan case in Financial ActionTask Force FATF.*
A Pakistani delegation, headed by Minister for Economic Affairs HammadAzhar, has arrived in China’s capital to hold talks with the FinancialAction Task Force (FATF) Working Group.
The important three-day face-to-face talks with the global money launderingand terror financing watchdog will commence on Jan 21 (tomorrow) andcontinue until Jan 23.
The delegation comprises representatives of the Foreign Ministry, InteriorMinistry, State Bank of Pakistan (SBP), Customs, National Counter TerrorismAuthority (NACTA) and Financial Monitoring Unit (FMU).
Sources say Pakistan has already launched efforts, including contacting FATFlink member countries, to get offthe watchdog’s grey list.
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Islamabad had sent a 650-page review report to the FATF on January 8 inresponse to 150 questions raised by the watchdog.
The Pakistani delegation would put forward details about the measures thecountry has thus far taken from Oct onward in light of the recommendationsof the FATF Action Plan.
The sources said FATF’s plenary session slated for Feb 16 in Paris willevaluate Pakistan’s measures to combat terror financing and moneylaundering as voting will also take place to consider the country’s exitfrom the list.
