A Pakistani delegation will head to Bangkok on September 7 and meet FATF team in Bangkok from September 8 to 10 for a final evaluation of its anti-money laundering and terror-financing report.
This final evaluation of the report will determine what decision the FATF makes in October whether Pakistan will get off its grey list, remain on the list or get downgraded to black list.
The report was submitted to the FATF at the Asia-Pacific Group Annual Meeting in Canberra, Australia, August 18-23. A high-level Pakistani delegation led by the Governor of the State Bank of Pakistan, Mr. Reza Baqir, attended the meeting and presented Pakistan’s report on progress made in the implementation of the plan of action in 27 points of the FATF.
The plan includes things like stopping money laundering and terrorism financing. The APG adopted the report during the August meeting and will be evaluating it during the Bangkok meeting.
Pakistan will also inform the FATF team of the measures it has taken to curb the activities of the banned groups and seize their assets. The FATF asked about 100 additional questions in Pakistan. He will also answer these questions during the three-day meeting.
Your email address will not be published. Required fields are marked *
27 September, 2019