Abdul Hafeez Shaikh, Advisor to Prime Minister on Finance chaired a meeting of anti-money laundering Executive Committee to discuss the progress made by the country in implementing the Financial Action Task Force (FATF) action plan.
Financial Monitoring Unit, Director-General (DG) briefed the meeting headed by the SAPM Abdul Hafeez Shaikh over progress on the Action Plan to satisfy the Financial Action Task Force (FATF) concerns.
He said to the meeting that “Pakistan has made major progress in the implementation of its Action Plan and has remained successful in amending 15 laws to allay the concerns raised by the FATF,” The DG, FMU added that these amendments will now aid law enforcement agencies (LEAs) in tacking the menace of money laundering.
An approval to amend and modify rules in National Savings and Pakistan Post was also sought in the meeting which has been green-lighted now, The high level meeting discussed the overall status of Pakistan as it awaits Financial Action Task Force to decide its fate later this year.
Pakistan is hopeful to get out of the grey list of Financial Action Task Force and land in the white list to expand its trade across Europe and other countries.
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