ISLAMABAD: Financial Action Task Force (FATF) has acknowledged that Pakistan has managed to stop funds transfer to the terrorists through banks and expressed satisfaction over the new rules.
Pakistan Financial Action Task Force group internal discussions have been revealed by reliable sources. The three-day talks between Pakistan and the Financial Action Task Force (FATF) ended on Thursday and sources revealed that the Financial Action Task Force has expressed satisfaction over Pakistan’s anti-money laundering laws.
The Financial Action Task Force delegation will analyze the results of the 3-day visit in today’s session. The watchdog will consider whether to remove Pakistan’s name from its grey list or not in September.
The Financial Action Task Force admitted that steps taken by the State Bank of Pakistan (SBP) and the Securities and Exchange Commission of Pakistan (SECP) barred the financial assistance of the terrorists to some extent; however, the delegation was dissatisfied over the practical measures. Furthermore, the banned outfits and their workers will continuously be monitored by the Financial Action Task Force.
