Charity laws being enacted in all provinces, FATF told

ISLAMABAD: The Interior Ministry officials on Wednesday briefed the delegation of Financial Action Task Force (FATF) regarding steps taken by Pakistan to curb money laundering, ARY News reported.

The officials told the visiting delegation that Pakistan was assessing different organizations and inspecting their monetary background with respect to their alleged links in money laundering.

The officials of National Counter Terrorism Authority (Nacta) were also present on the occasion. They briefed the FATF regarding laws on model charities.

Read: Pakistan briefs FATF on action taken against money laundering

The Nacta team said laws on charities were being devised in all the provinces of the country.

Yesterday (March 26), the authorities briefed the delegation of Financial Action Task Force on laws against money laundering and its regulations in Islamabad, ARY News reported.

The meeting between Pakistan officials and the Financial Action Task Force (FATF) team took place in Islamabad. The FATF delegation is currently in Pakistan to evaluate the measures taken to curb terror financing and money laundering in the country.

The visiting delegation also presented its report on the state of money laundering and terror financing in the country at its review meeting.  According to sources in the Finance Ministry, Pakistan put up a stringent defence on FATF’s Asia Pacific report.

The Pakistani officials also briefed the FATF team on actions against fake bank accounts and distrustful transactions through illegal channels. Pakistan assured the FATF delegation of halting registration of suspicious firms to curb money laundering practices.

The FATF had placed Pakistan on a money laundering “grey list” early in 2018 but given it time to take action against further downgrade.