ISLAMABAD – Despite Indian strong objections, Positive development reportedform Financial Action Task Force FATF crucial session in Paris.
The Financial Action Task Force (FATF) on Monday expressed satisfactionover steps taken by Pakistan in line with its action plan to control terrorfinancing and money laundering.
The Pakistani delegation headed by Federal Minister for Economic AffairsHammad Azhar presented its case before the financial watchdog on themeasures taken by Islamabad.
Meanwhile, a report quoting sources claimed that FATF expressedsatisfaction over the risk assessment study of Pakistan and that China,Turkey, and Malaysia reportedly supported Pakistan’s stance.
Pakistani delegation gave satisfactory answers to all questions of FATF,the reports claimed, adding that the delegation also satisfied Indianmembers on questions about alleged terrorist outfits operating in thecountry.
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Pakistan was placed on the grey list by the Paris-based Financial ActionTask Force in June last year and was given a plan of action to complete itby October 2019, or face the risk of being placed on the blacklist.
The Paris-based body is reviewing the progress made by Pakistan until Aprilthis year, during the FATF Week, which began on October 13 and willconclude on October 16. The review will determine if Pakistan stays on thegrey list or moved on the blacklist or given a clean chit.
