Abb Takk News

Finance Secretary Chairs Meeting To Review Progress On FATF Action Plan

Islamabad: The federal secretary of the finance division Arif Ahmed Khan on Thursday chaired meeting regarding implementation on the Financial Action Task Force (FATF) recommendations on anti-money laundering and counter-terror financing for Pakistan.

The meeting decided to place eight banned outfits from medium risk to the high-risk category.

The National Counter Terrorism Authority (NACTA)  presented the report in the meeting regarding the crackdown against banned outfits.

Earlier on Tuesday, the federal secretary of the finance division warned that Pakistan might face economic sanctions over non-implementation of Financial Action Task Force (FATF) recommendations.