ISLAMABAD: Federal Minister for Finance and Revenue, Shaukat Tarin has expressed resolve to continue efforts for timely completion of the remaining points of the Financial Action Task Force (FATF) action plan.
Director General Financial Monitoring Unit (FMU) Lubna Farooq Malik briefed the federal finance minister about the significant progress made on the FATF plan at the Finance Division on Tuesday.
She highlighted various measures that the government has taken to strengthen Anti-Money Laundering (AML) and Countering Financing of Terrorism (CFT) regime in line with the international best practices. She also apprised the finance minister that FATF had acknowledged Pakistan’s performance in its last plenary held in February 2021.
The finance minister expressed satisfaction over the significant headway across all the areas of the action plan and expressed resolve for timely completion of the remaining points of the FATF action plan.
The FATF plenary session will review Pakistan’s status in June 2021, as the country is presently on its grey list. Pakistan remains under increased monitoring of FATF, and three out of 27 points in the action plan need to be fully addressed. – TLTP