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terror financing

‘FATF satisfied over Pakistan’s efforts to curb money laundering, terror financing’

ISLAMABAD: Pakistan's efforts to combat money laundering and terror financing, to have an extent satisfied the Financial Action Task Force (FATF), according to sources. The FATF session has also pointed out certain areas for betterment before May this year to get out of the grey list. Pakistan's delegation headed by Finance Secretary Arif Ahmed Khan is currently attending a three-day conference of the FATF in Sydney. The delegation includes officials of the Financial Monitoring Unit, State Bank of Pakistan (SBP),…

Pakistan, Turkey agree to curb money laundering, terror financing

ISLAMABAD: Pakistan and Turkey have agreed to expand bilateral cooperation to curb money laundering and terrorism, ARY News reported on Monday. As per details, both Pakistan and Turkey agreed to boost bilateral cooperation to curtail money laundering and to choke down terror-financing through all possible measures, in a meeting between Prime Minister Imran Khan and Turkish Interior Minister Suleyman Soylu today. Pakistan also informed the Turkish guests of its initiative to counter terrorism and extremism in the…

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…