ISLAMABAD: Pakistan might be placed on the blacklist of nations that financially help terrorism, media reports said on Monday as Islamabad fielded its interim finance minister Shamshad Akhtar to defend the rustic in Paris the place the Financial Action Task Force is assembly.
The FATF is an inter-governmental frame established in 1989 to battle money laundering, terrorist financing and other related threats to the integrity of the global financial machine.
Currently placed on the FATF'S 'grey list', Pakistan has been scrambling in recent months to avoid being added to a list of nations deemed non-compliant with anti-money laundering and terrorist financing rules via the FATF, a measure that officers right here concern could harm its economy, which is already under strain.
In February, Pakistan narrowly escaped placement, but a senior reliable of the FATF showed that it will be placed on the FATF's watch-list in June, the Express Tribune reported.
Pakistan was once in the past on the grey list from 2012 to 2015.
The FATF will come to a decision after a six-day assembly whether Pakistan should be placed on the blacklist of nations that financially help terrorism, the document said.
Caretaker finance minister Akhtar arrived in Paris earlier today along with senior officers of the financial monitoring unit to combat Pakistan's case earlier than the FATF, Geo TV reported.
Ahead of the July 25 common elections in Pakistan, the rustic is being governed via a caretaker govt led via former Pakistan Chief Justice Nasir-ul Mulk.
The Pakistani delegation will tell the FATF of the motion plan drafted via the government to avoid sanctions, the document said.
Amid increasing international drive to move decisively in opposition to proscribed organisations, Pakistan reviewed its new draft motion plan for submission to international bodies running on curtailing money laundering and terror financing.
The motion plan was once reviewed just two days earlier than the filing of comments to the observations raised via the Asia Pacific Group (APG) on money laundering, the Express Tribune document said.
The APG and the FATF's recommendations to curb money laundering and terror-financing have been first discussed in a federal Cabinet assembly. The proposed motion plan was once then reviewed in a meeting chaired via Akhtar.
Ahead of the newest assembly, Pakistan took steps in line with FATF rules. On June 20, the Securities and Exchange Commission of Pakistan issued the Anti Money Laundering and Countering Financing of Terrorism Regulations 2018, in compliance with FATF recommendations.
On June 8, Pakistan's National Security Committee (NSC) also reaffirmed its dedication to cooperate with FATF in its combat in opposition to terrorist financing and money laundering.
The FATF is an inter-governmental frame established in 1989 to battle money laundering, terrorist financing and other related threats to the integrity of the global financial machine.
Currently placed on the FATF'S 'grey list', Pakistan has been scrambling in recent months to avoid being added to a list of nations deemed non-compliant with anti-money laundering and terrorist financing rules via the FATF, a measure that officers right here concern could harm its economy, which is already under strain.
In February, Pakistan narrowly escaped placement, but a senior reliable of the FATF showed that it will be placed on the FATF's watch-list in June, the Express Tribune reported.
Pakistan was once in the past on the grey list from 2012 to 2015.
The FATF will come to a decision after a six-day assembly whether Pakistan should be placed on the blacklist of nations that financially help terrorism, the document said.
Caretaker finance minister Akhtar arrived in Paris earlier today along with senior officers of the financial monitoring unit to combat Pakistan's case earlier than the FATF, Geo TV reported.
Ahead of the July 25 common elections in Pakistan, the rustic is being governed via a caretaker govt led via former Pakistan Chief Justice Nasir-ul Mulk.
The Pakistani delegation will tell the FATF of the motion plan drafted via the government to avoid sanctions, the document said.
Amid increasing international drive to move decisively in opposition to proscribed organisations, Pakistan reviewed its new draft motion plan for submission to international bodies running on curtailing money laundering and terror financing.
The motion plan was once reviewed just two days earlier than the filing of comments to the observations raised via the Asia Pacific Group (APG) on money laundering, the Express Tribune document said.
The APG and the FATF's recommendations to curb money laundering and terror-financing have been first discussed in a federal Cabinet assembly. The proposed motion plan was once then reviewed in a meeting chaired via Akhtar.
Ahead of the newest assembly, Pakistan took steps in line with FATF rules. On June 20, the Securities and Exchange Commission of Pakistan issued the Anti Money Laundering and Countering Financing of Terrorism Regulations 2018, in compliance with FATF recommendations.
On June 8, Pakistan's National Security Committee (NSC) also reaffirmed its dedication to cooperate with FATF in its combat in opposition to terrorist financing and money laundering.
Pakistan may soon be placed in FATF's 'grey list'
![Pakistan may soon be placed in FATF's 'grey list']()
Reviewed by Kailash
on
June 26, 2018
Rating:
