Pakistan delegation submits implementation report to FATF
The delegation informed APG about Pakistan's measures to stop terror financing and money laundering.
KARACHI (Dunya News) - A 10-member Pakistani delegation has presented its implementation report to the Asia-Pacific Joint Group (APG) at a face-to-face meeting Guangzhou, China with officials of the Financial Action Task Force s (FATF) regional affiliate.
The delegation of Pakistan led by Finance and Revenue Secretary Mohammad Younas Dagha has informed the APG about Pakistan s measures to stop terror financing and money laundering.
The delegation apprised the APG about measures taken at airports and land and sea border check-posts to curtail currency smuggling. The delegation also informed the group about Pakistan s efforts to curtail activities of banned terrorist outfits and stop monetary transactions linked to them.
Led by the finance secretary, the 10-member delegation defending Pakistan s efforts against money laundering and terror financing includes officials form the Ministry of Foreign Affairs, National Counter Terrorism Authority (NACTA), Financial Monitoring Unit (FMU), Ministry of Interior, Federal Board of Revenue (FBR), State Bank of Pakistan (SBP), Securities and Exchange Commission of Pakistan (SECP), and the Federal Investigation Agency (FIA).
Pakistan has already submitted a report informing the APG of the actions it has taken against proscribed organisations and to strengthen its systems in order to block flow of funds that may be used in terrorist activities.
The sources said Pakistan gave befitting reply on Indian allegations and said India is politicizing the matter. The source further said despite all tactics of India, Pakistan is close to achieve its targets.
In October, the FATF Asia Pacific Group had demanded more action from Pakistan to put an end to money laundering and financial assistance to terrorists.
Following a meeting in Paris in June last year, the Paris-based organisation formally included Pakistan on its "grey list" of countries with inadequate controls over curbing money laundering and terrorism financing.
