FATF sets new targets for Pakistan
All welfare organizations would be monitored at federal and provincial levels by SECP.
ISLAMABAD (Dunya News) - Financial Action Task Force (FATF) has set new targets for Pakistan to hamper terror financing and monitor sale of jewelry and prize bonds.
As per details, State Bank of Pakistan (SBP), Federal Board of Revenue (FBR), Securities and Exchange Commission of Pakistan (SECP), Federal Investigation Agency (FIA) and National Counter Terrorism Authority (NACTA) would collect record including telecom banking in this regard. SBP’s monitoring unit would provide data of prize bond owners.
Sources said access of terrorists to prize bonds and transfer of money through telecom banking has been hampered.
Sources further said all welfare organizations would be monitored at federal and provincial levels by SECP and complete record of welfare organizations would be sought.
Business of gold, other jewelry and precious stones would be registered and condition of ID card would be a must for such business.
Earlier,Minister for Economic Affairs Division Hammad Azhar said that it was unlikely Pakistan would be placed on the blacklist of the Financial Action Task Force (FATF).
Talking to media in Islamabad on Friday, he said that all Indian plots to blacklist Pakistan have failed terribly, adding that FATF’s Asia Pacific Group appreciates Pakistani efforts to counter terrorism.
Hammad Azhar said that Pakistan is working fast on FATF targets, adding that this was also acknowledged at a recent meeting of the Asia-Pacific Group.
The minister went on to say that despite negative Indian propaganda, Pakistan will succeed.
