APG team briefs Asad Umar, acknowledges progress on AML/CFT obligations

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The Asia-Pacific Group (APG) Mutual Evaluation Assessment Team headed by the APG Executive Secretary Gordon Hook had a courtesy meeting with the Finance Minister Asad Umar on Thursday.

The Asia-Pacific Group on Money Laundering is the Financial Action Task Force (FATF) styled regional body for the Asia-Pacific region. The APG consists of 41 member jurisdictions and a number of observer jurisdictions and international/regional observer organisations.

The APG assessment team briefed the Finance Minister about the purpose of their visit to Pakistan and informed that the APG team held several meetings with Pakistan’s AML/CFT stakeholders.

Gordon Hook thanked Asad Umar for hosting APG’s onsite visit and acknowledged Pakistan’s progress in AML/CFT areas.

The Finance minister resolved government’s commitment to implement the international AML/CFT standards and reaffirmed Pakistan’s strong and unequivocal commitment to work with APG/FATF in the fight against money laundering, terrorism financing and other financial crimes.

In particular, the Finance Minister emphasised that Pakistan will continue to take all actions required to further strengthen our AML/CFT regime.