BEIJING – Expressing satisfaction over visible progress made by Pakistan tostrengthen its domestic counter-terrorism financing system, China onThursday stressed that Pakistan’s political will and active efforts, oughtto be recognized and encouraged by international community.
“Pakistan has made great efforts to strengthen its domesticcounter-terrorism financing system with visible progress. Its politicalwill and active efforts should be recognized and encouraged by theinternational community,” Chinese Foreign Ministry’s Spokesperson GengShuang said while commenting on Pakistan’s Action Plan report which wasdiscussed during the joint group Financial Action Task Force (FATF) meetingheld in Beijing.
A high-level Pakistani delegation, led by Minister for Economic AffairsHammad Azhar, presented the country’s compliance report during thethree-day talks with the globalmoney-laundering watchdog, which commenced on January 21.
The spokesperson hoped that FATF would continue to offer constructivesupport and assistance to Pakistan in its continued efforts to improve thecounter-terrorism financing system and effectively fighting terroristfinancing.
“As FATF president and co-chair for Asia Pacific Joint Group, China willcontinue to uphold an objective, just and constructive attitude andparticipate in relevant discussions,” he added.
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Geng Shuang stressed that the FATF was an important internationalcooperation platform and to fight money laundering and terrorist financing.
He said its aim and goal was to help countries better fight moneylaundering and terrorist financing and prevent the international financialsystem from being abused.
The Pakistani delegation comprised representatives of the National CounterTerrorism Authority (Nacta), Foreign Ministry, State Bank of Pakistan(SBP), Customs, Interior Ministry and Financial Monitoring Unit (FMU).
