Categories: National

FATF team to visit Pakistan, review action plan implementation

A team of the Financial Action Task Force (FATF) will visit Pakistan on August 13 in a bid to review the implementation of the counter-terror financing action plan issued earlier in 2018.

Quoting diplomatic sources, media reports claimed that the delegation will comprise members of Asia Pacific Group on Money Laundering. They will arrive in Pakistan on August 13 and stay till August 16.

The purpose of the visit is to have a detailed review of a report submitted to the global watch dog by Islamabad, the reports state, adding that the team will also be briefed by the officials of National Counter Terrorism Authority (NACTA) and other relevant authorities.

The officials of NACTA and other institutions will brief the delegates on measures taken by the country against terror financing, the reports said.

After grey-listing Pakistan due to its ‘terror-financing deficiencies’, FATF had gave a 10-point action plan, welcoming the high-level political commitment conveyed by the country.

The task force had said it has “identified Pakistan as a jurisdiction with strategic AML/CFT deficiencies”. The body had recommended an action plan to address the issues regarding anti-money laundering and counter-terror financing

In August 2018, NACTA had reviewed the national strategy to implement the action plan and eliminate terrorist financing.


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