FATF team to arrive at Islamabad today, determine anti-terror financing measures

A delegation of the Financial Action Task Force will be coming in Islamabad today to meet Pakistani officials and analyze the measures used to curb terror financing and money laundering in the country.

The group will be meeting officials of the finance ministry, interior ministry, Foreign Office, FIA and National Counter Terrorism Authority.

The Pakistani officials will be briefing the FATF team on the measures the country has implemented to prevent money laundering and curb the financing of terrorist actions.

It is predicted that discussions between the FATF delegation and Pakistani authorities will probably continue till Wednesday.

Pakistan has been on and off the grey list in past times. The last time we were eliminated from the grey list was in February 2015. If the ongoing consultations between the FATF and the Pakistani government are effective, we will be taken off the grey list and put on the white list.

Pakistan is among 83 nations with a risk score of 5.0 or above. These are countries that could be loosely categorized as having a significant chance of money laundering and terrorist financing, based on the Basel AML Report 2018, an independent annual ranking that evaluated the risk of money laundering and terrorist financing in 129 countries.

حرمین رضا

حرمین رضا اردو خبر میں پاکستان میں مقیم مصنف اور سابق ایڈیٹر ہیں۔