The delegation from Pakistan leaded by Economic Affairs Minister Hammad Azhar, reached Paris to attend a decisive two-day session of the Financial Action Task Force (FATF) set to be held Today in the French capital.
In the Meeting China,Malaysia and Turkey appreciated Pakistan.
It is Came to know that the FATF meeting would discuss a report on the steps taken by Pakistan till April 2019 and a decision would be made on whether they maintain Pakistan or remove Islamabad from the intergovernmental organisation’s grey list.
Also part of Pakistan’s delegation were Finance Secretary Sohail Rajput, as well as the representatives of the National Counter Terrorism Authority (NACTA), Federal Investigation Agency (FIA), Federal Boared of Revenue and (SECP) Security and Exchange Commission of Pakistan.
FATF will also measures Pakistan to avert terrorist financing will also be judged in the meeting.
While Islamabad has a strong point that Pakistan had already executed most of the FATF measures, like banning terrorist organisations. In addition, Capital also taken steps to seize the properties of terrorists and stopped them from doing business.
The APG which is called Asia/Pacific group had published a report on money-laundering and terror-financing in Pakistan, wherein it said Islamabad had complied with 36 of the 40 parameters set by the FATF at the time of the country’s inclusion in the grey list, said In the starting of this month.
Based on the technical compliance ratings, the APG report showed that Pakistan had fully complied with only one parameter, largely complied with nine, and partially complied with 26 of the 40 parameters.