BANGKOK: A group of Pakistani officers holding talks with the Monetary Motion Process Drive’s (FATF) Asia Pacific Group (APG) in Bangkok on Monday (in the present day), ARY Information reported.
Minister for Financial Affairs Hammad Azhar will lead the Pakistani group for a closing analysis of anti-money laundering and countering the terrorism financing report.
Pakistan’s 15-member financial group will submit replies to 125 questions of the APG, which had been requested to take Pakistan out of the gray listing.
A session of cross-questioning would even be held in the course of the talks between the 2 sides.
Specific emphasis has been positioned on measures the state has adopted and applied for freezing the property of banned organizations, curbing the financing of banned outfits and laws for limiting cash laundering.
The Asia-Pacific Group will analyze Pakistan’s targets and implementations over its total suggestions. Pakistan will argue its case and current its closing defence.
The decisive report shall be forwarded to the FATF after the assembly.
Sources conversant in the matter informed the media that the end result of the talks would resolve whether or not Pakistan’s identify stayed on the gray listing or would it not be added to the black listing.
Led by Financial Affairs minister Hammad Azhar, the committee contains representatives of all of the establishments involved with cash laundering and terror financing together with the State Financial institution of Pakistan (SBP), SECP, Director Basic Federal Investigation Company (FIA), Federal Board of Income (FBR) and the Monetary Monitoring Unit (FMU).
The following FATF session shall be held in Paris by the tip of October.