Abb Takk News

Pakistan-FATF Talks to Begin Today in Beijing

ISLAMABAD: Pakistan and Financial Action Task Force (FATF) to meet today, Tuesday, in Beijing where it would review Pakistan’s progress. The final decision whether to keep Pakistan on the grey list or otherwise would be taken in the next month during the FATF’s plenary session in Paris.

According to details, the points related to combat terror financing and illegal transaction of money would be taken under consideration in the three-day meeting.

Minister for economic affairs Hamad Azhar will lead the Pakistan delegations while representatives of interior and foreign ministry, NACTA, costume and statement bank will part of the delegation.

Pakistan was placed on the FATF grey list in June 2018 for it failed to curb terror financing and enact appropriate measures to stop money laundering.

In October last year, the FATF expressed disaffection over Pakistan’s progress and gave Islamabad until February to meet its requirements or face the consequences.

In the meeting with the interior minister, the issue of illegal immigrants was also discussed. Shah said the government has successfully managed to streamline the process to stop such immigrants. “There has been satisfactory progress in this regard,” he added.

The interior ministry’s delegation informed the US diplomat that the solved cases for the months of November, December and January had been delivered to the US correspondents.