Pakistan to brief FATF on measures against money laundering

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  • Talks between the two sides will begin on February 17th in Paris

ISLAMABAD: Pakistan will hold talks with the Financial Action Task Force (FATF) later this week regarding money laundering and the issue of blocking financial assistance to terror groups, a private media outlet reported on Thursday. The talks between the two sides will begin on February 17 in Paris.

The Pakistani delegation led by Finance Secretary Arif Ahmed Khan will leave for the French capital a day before the scheduled talks.

The FATF team will be apprised of measures taken by Pakistan against fake bank accounts and suspicious banking transactions in money laundering cases.

According to sources, Pakistan would also address concerns of the FATF regarding financing to banned terror outfits.

It was reported on Jan 10 that the FATF had expressed ‘satisfaction’ to some extent regarding Pakistan’s efforts in combating money laundering and terror financing.

The FATF session was called in Sydney that was also attend by a delegation from Pakistan.

Pakistan’s delegation included officials of the Financial Monitoring Unit, State Bank of Pakistan (SBP), National Counter Terrorism Authority (Nacta), Federal Investigation Agency (FIA) and Federal Board of Revenue (FBR).

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