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FATF team concludes visit; report on Pakistan to be published on Nov 19

ISLAMABAD: The visit of a delegation of the Financial Action Task Force’s (FATF) Asia Pacific Group (APG) to Pakistan was wrapped up on Saturday with recommendations to take more steps against terror financing and money laundering. The AGP group proposed Pakistan to tighten laws, rules and regulations, and fixing flaws in the mechanism of running institutions. The FATF team will present its observational report on Pakistan on November 19. In response to which, Pakistan will also submit its own account on the matter…

FATF team arrives in Pakistan, final negotiations begin

ISLAMABAD: With the arrival of the Financial Action Task Force (FATF) team in Islamabad on Sunday night, the final negotiations between the government and the delegation began on Monday in the federal capital. FATF Asia-Pacific team will be in the country until October 19 to review the administrative and legal measures taken by Pakistan to curb the financial assistance of terrorists. During its visit from October 7-19, the foreign delegation will meet officials of the ministries of finance and interior, the financial…

NEC renews commitment to curb terror financing

ISLAMABAD: The National Executive Committee (NEC) has reiterated Pakistan’s commitment to take all possible steps to ensure effective institutional coordination and swift action to curb the menace of terror financing and money laundering. The NEC meeting was held in Islamabad with caretaker Finance Minister Dr Shamshad Akhtar in the chair. It took stock of the progress so far made to strengthen the institutional framework and coordination for the implementation of the FATF Action Plan. Senior officials from various…

Shamshad stresses on enhancing measures to curb currency smuggling

ISLAMABAD: Caretaker Finance Minister Dr. Shamshad Akhtar on Tuesday chaired a meeting to discuss measures against cross-border illegal transportation and smuggling of currency. The minister said that collective efforts need to be placed to check currency smuggling through borders to control terrorism and other criminal activities as part of steps to check terror financing and menace of money laundering. She highlighted the areas for immediate focus to check cross-border illegal transportation of currency, and said it…

FATF meeting: Finance minister seeks exclusion of Pakistan from grey list

PARIS: Caretaker Finance Minister Shamshad Akhtar on Wednesday pleaded the Financial Action Task Force (FATF) to remove the name of Pakistan from its grey list. During the plenary meeting in earlier February this year, Pakistan was placed on the watchdog’s grey list for global money laundering and terror financing. In a crucial meeting with the FATF today, under the leadership of Akhtar, a Pakistani delegation presented a robust case for keeping Pakistan out of the grey list. The delegation highlighted the measures…

NSC expresses satisfaction over measures to meet FATF requirements

ISLAMABAD: The National Security Committee (NSC), the country’s top civil-military body, on Friday expressed satisfaction over the progress made so far to meet the requirements of a global terror financing watchdog to avoid being put on the blacklist of countries unable to combat terror financing and money-laundering.  A meeting of the NSC was held in Islamabad on Friday with caretaker Prime Minister Justice (retd) Nasir-ul-Mulk in the chair. The committee directed that the progress should be shared with Financial…

India exposed on issue of terror financing in Pakistan: FO

ISLAMABAD: Foreign Office Spokesperson Nafees Zakariya on Saturday said that India stands totally exposed on the issue of terror financing and perpetrating subversive acts in Pakistan. “India has been blowing the trumpet on the issue of terrorism since long but the fact is that the India’s intelligence agency itself is involved in terrorism,” he said while talking to state-run Radio Pakistan. He said Kulbushan Jadhav was an agent of Research & Analysis Wing (RAW) and serving officer of Indian Navy. The spokesman…

Ishaq Dar reviews measures against money laundering, terror financing

ISLAMABAD: Finance Minister Senator Mohammad Ishaq Dar here on Thursday chaired a meeting to review the progress on the reformatory measures and enforcement actions against money laundering and terrorism financing in the country. Director general Financial Monitoring Unit gave a briefing on the actions recently taken to curb the menace of money laundering and terrorism financing. He shared latest progress made by Pakistan in this regard and apprised the participants of details. Foreign Office shared a number of parleys…