FIA units up FATF compliance unit

ISLAMABAD: The Federal Investigation Company (FIA) arrange a separate unit on Friday to make sure efficient implementation of the Monetary Motion Job Pressure’s (FATF) motion plan with regard to combating terror financing and cash laundering, reported ARY Information.

In line with a notification, the director of the FIA counterterrorism wing will supervise the working of the newly established FATF compliance unit.

Eleven officers of the FIA between grade-14 and 16 have been transferred to the unit that can “function the point of interest for all actions associated to the FATF motion plan.”

It has been given powers to summon data, officers and document of conferences from totally different departments.

Earlier, on June 21, the FATF had declared Pakistan’s progress in the direction of implementation of the motion plan passable.

A plenary assembly of the FATF happened in Orlando to overview progress on its motion plan by plenty of international locations, together with Pakistan.

It acknowledged the steps taken by Pakistan to enhance its Anti-Cash Laundering and Counter Financing of Terrorism (AML-CFT) regime and referred to as for additional actions in the direction of implementing the motion plan.

The Paris-based watchdog will undertake the subsequent overview of Pakistan’s progress on the motion plan in October 2019.



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