APG meeting: Pakistan presents report on steps taken to meet FATF demand
Decisive talks between Pakistan and the Financial Action Task Force (FATF) started in Beijing on Wednesday where Pakistan has presented its report regarding action against banned outfits and money laundering.
Finance Ministry sources told the Daily Morning Mail that Secretary Finance Muhammad Younus Dagha was leading the Pakistani delegation while high officials of State Bank, customs, National Counter Terrorism Authority, Federal Investigation Agency, Federal Board of Revenue and other relevant departments were also part of the delegation.
It’s the Asia pacific group of FATF and talks with them till 17Th may. We are going to present our detail report on the measures we taken on the demand of sixteen points of FATF, finance ministry source told.
On first day, Pakistani delegation gave briefing to FATF team on actions taken against dubious transactions and it was told to FATF that Pakistan had established Cross border currency management directorate for specific purpose to stop illegal transactions.
Sources further told that briefing was being given on the new steps and laws introduced by the government and Asia pacific group will review all these steps during the discussion and talks in coming two days as well.
Pakistan delegation told the FATF that government agencies made it sure that money laundering funds could not be used for terrorism and focus was on both that how to stop the money laundering and curb the terrorism. Steps were taken as well to stop the currency smuggling.
Sources further told that FATF will be taken into confidence regarding action against Masood Azhar, head of banned Jaish-e-Muhammad and his whole set up, subordinate organizations and other entities.
Actions against Jamat-ud-Dawa also came under discussion and Pakistani delegation was hope full that these talks will be help full to out the Pakistan from Grey list because Pakistan had taken practical measures to stop money laundering ,sources concluded.