ISLAMABAD: Financial Action Task Force (FATF), during its meeting which will be held in the second week of January 2019 with Pakistani authorities, will review the implementation on Pakistan’s 27 points action plan to strengthen the anti-money laundering and counter-finance terrorism regime.
Sources told Customs Today that Financial Action Task Force Asia – Pacific Joint Group’s meeting is scheduled on 8 to 10 January 2019. Member Customs will represent the Federal Board of Revenue in the meeting.
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Sources said that Government of Pakistan is implementing the action plan consisting of 27 points to strengthen its anti-money laundering and counter finance terrorism regime. The outcomes related to various actions are to be achieved by January, May and September 2019.
The report of actions taken by the Government of Pakistan up to December 2018 will be shared with Asia Pacific Group Financial Action Task Force, after approval of the National Executive Committee.
The delegation for participation is likely to comprise the 12 members including secretary finance, additional finance secretary (IF), M/o Finance, director-general, Financial Monitoring Unit, Legal Adviser, Financial Monitoring Unit, one representative from Ministry of Interior, one representative from Ministry of Foreign Affairs, one representative from NACTA, one representative from Federal Investigation Agency, one representative from Federal Board Revenue (Customs), one representative from Security Exchange Commission of Pakistan (SECP) and two representative from State Bank of Pakistan (SBP).
