Pakistan’s delegation – led by Minister for Economic Affairs Division Hammad Azhar – will hold talks with the Financial Action Task Force’s (FATF) Asia Pacific Group (APG) in Bangkok on Monday (today) for a final evaluation of its anti-money laundering and countering the financing of terrorism report.
Particular emphasis has been placed on measures the state has adopted and implemented for freezing the assets of banned organizations, curbing the financing of banned outfits and legislation for restricting money laundering.
FATF will analyze the response of Pakistan on 125 additionally asked questions, whereas a briefing will also be given on the asset confiscation and seizure of activities of banned organizations.
Money laundering and measures to stop terrorist financing in Pakistan will be reviewed.
After meeting, the final report will be forwarded to FATF for decision-making.
Based on Pakistan’s performance, the Asia-Pacific Group will decide whether to clear Pakistan out of the FATF grey list or to move it into the blacklist.