FATF expresses satisfaction on measures taken by Pakistan
ISLAMABAD: The Financial Action Task Force (FATF) has expressed satisfaction on the measures taken by Pakistan and its progress in various areas.
Meeting of the Financial Action Task Force started in Paris on Sunday will continue till Friday.
A Pakistani delegation led by Minister for Economic Affairs Hammad Azhar told the FATF meeting that Pakistan had made positive progress in 20 out of 27 points.
China, Turkey and Malaysia appreciated the steps taken by Pakistan.
Meanwhile, representatives from 205 countries and jurisdictions around the world, the International Monetary Fund, the United Nations, World Bank and other organizations are attending the meeting.
Six days of meetings will focus on disrupting financial flows linked to crimes and terrorism and discuss ways to contribute to global safety and security.
On Oct 7, Foreign Minister Shah Mahmood Qureshi had said Pakistan had to a greater extent satisfied the FATF about its seriousness in taking solid measures against money laundering.
“The steps taken by the current government in few months are unmatched in last several years. India wishes Pakistan’s inclusion into the FATF blacklist, but I have firm belief that our stance would have the last laugh,” Shah Mahmood Qureshi had said while talking to media.
The measures taken by Pakistan were presented before the ‘Asia/Pacific Group on Money Laundering’, he said.
Earlier in a session in June, the FATF had acknowledged the steps taken by Pakistan to improve its counter financing terrorism regime and highlighted the need for further actions for implementing the National Action Plan.
During its plenary meeting at Orlando in the United States, the FATF had reviewed the compliance of a number of countries including Pakistan on Anti-Money Laundering and Counter Financing of Terrorism.
Pakistan was placed by the FATF in its compliance document in view of an action plan agreed with Pakistan in June 2018 to strengthen its Anti Money Laundering, Counter Financing Terrorism Regime.