ISLAMABAD: Federal Minister for Economic Affairs Hammad Azhar on Saturday said Pakistan has made significant progress on implementation of a 27-point action plan of the Financial Action Task Force (FATF) in the last one year.
“14 out of 27 action items of the ICRGA Action Plan carry ‘largely complete’ status now,” he said in a Twitter statement.
Pakistan is undergoing dual scrutiny at FATF platform. Pak authorities are aiming to complete the ICRG action plan during 2020. And also working in parallel on the deficiencies of the APG MER for which we are currently in the observation period.
— Hammad Azhar (@Hammad_Azhar) February 22, 2020
The federal minister said the overwhelming majority of member countries of the anti-money laundering and counter-terrorism financing watchdog have positively acknowledged the significant progress made by Pakistan.