Pak delegation reaches Paris for 2-day FATF meeting

Islamabad: A Pakistani delegation, headed by Economic Affairs Minister Hammad Azhar, has reached Paris to attend a crucial two-day session of the Financial Action Task Force (FATF) set to commence on Monday.
According to sources, the FATF meeting would discuss a report on the steps taken by Pakistan till April 2019 and a decision would be made on whether to exclude Islamabad from the intergovernmental organisation’s grey list, reports Geo News.
Measures taken by Pakistan to prevent terrorist financing will also be reviewed in the FATF meeting. As per Prime Minister’s Adviser on Finance and Revenue, Abdul Hafeez Sheikh, Islamabad had completed 20 of the steps.
Sources, however, said Pakistan had already implemented most of the FATF measures, such as banning terrorist organisations.
In addition, it had also taken steps to seize the properties of terrorists and stopped them from doing business.
Last week, the Asia/Pacific Group on Money Laundering (APG) published its long-awaited 228-page report, titled “Mutual Evaluation Report 2019”, which said that Pakistan has largely but partially complied with 36 of the 40 parameters set by the FATF at the time of the country’s inclusion in the grey list.