Govt prepares detailed report on FATF action plan
Pakistan has informed the FATF about measures to prevent terror financing in its report.
ISLAMABAD (Dunya News) – Pakistan has prepared a report mentioning all its economic measures taken to step out of grey list, and will submit it to the Financial Action Task Force (FATF).
According to the details, Pakistan is determined to satisfy FATF officials. The FATF will review this detailed report on December 7 for its action plan for uprooting money laundering and terror financing.
According to sources, Pakistan has informed the FATF about measures to prevent terror financing, and transfer of assets and jewelry to banned outfits. The report said that the government has tightened its noose around 190 people while 700 cases of money laundering were investigated against terrorists.
The report read that 170 people who transferred money to terrorists were arrested and 1000 properties of banned outfits were also seized. Investigations are underway against the owners of 35 of these properties, while a probe has also been initiated on another 150 properties. The government is also taking vigorous measures against currency smuggling.
