FATF Satisfied With Pakistan’s Progress - Report - Android

The Financial Action Task Force (FATF) has reportedly expressed satisfaction on Pakistan’s compliance report. A delegation led by the Minister… Read More

The post FATF Satisfied With Pakistan’s Progress: Report appeared first on .

The Financial Action Task Force (FATF) has reportedly expressed satisfaction on Pakistan’s compliance report.

A delegation led by the Minister for Economic Affairs, Hammad Azhar, is representing Pakistan in the annual FATF meeting in Paris.

Pakistan’s delegation apprised the financial watchdog that the country has successfully implemented 20 out of 27 points.

According to Radio Pakistan, various friendly countries, including China, Turkey, and Malaysia, appreciated the measures taken by Pakistan.

The week-long FATF meeting, which will continue until Friday, is set to review Pakistan’s compliance report till April 2019 and will decide whether or not to place the country on the ‘blacklist.’

As per government sources, with these measures, Pakistan is highly unlikely to be placed on the blacklist. However, it remains to be seen whether the global financial watchdog will extricate Pakistan from its ‘grey list.’

Earlier this month, the Asia/Pacific Group (APG) published a report on money-laundering and terror-financing in Pakistan.

It said that the country had fully complied with only one parameter, adhered mainly to nine, and partially complied with 26 of the 40 parameters.

The ongoing meeting in Paris is being attended by the representatives from 205 countries and jurisdictions, including the IMF, UN, and the World Bank.

The post FATF Satisfied With Pakistan’s Progress: Report appeared first on .