Abb Takk News

FATF To Review Pakistan’s Report Today

ISLAMABAD: The Financial Action Task Force (FATF) will conduct a preliminary review of Pakistan’s progress report of achieving 40 recommendations in its action plan for uprooting money laundering and terror financing from the country today.

A five-member delegation of Pakistan on Saturday will attend the important meeting of the FATF.

The report submitted by Pakistan carries response to the FATF’s action plan, and observed that the country has shown progress in 36 out of the 40 recommendations.

According to sources, the country has completed an important point of keeping the data of financial institutions confidential, and has shown significant progress on nine recommendations.

Crackdown against benami asset holders has also been improved, the report outlines. It further mentions measures implemented by the government against money laundering.