In the course of the three-day dialogues between Pakistan and Asia-Pacific Group (APG) on cash laundering, a regional affiliate of the Monetary Motion Process Power (FATF), Pakistani officers answered all harsh questions raised by the members and likewise introduced its arguments about Islamabad’s efforts in opposition to cash laundering and terror financing.
The worldwide establishment was additionally briefed how Pakistan stopped banking and non-banking funding of terrorists. The following spherical of talks might be held from June 17-20 in the US of America.
Now in a subsequent step, the APG will undergo the FATF its evaluation of the compliance report submitted by Pakistan on the idea of its deliberations and cross-questioning on the Guangzhou assembly and the progress made for the reason that group’s on-site inspection in Islamabad and Karachi in March. The APG report will turn out to be the idea for the FATF to exclude Pakistan from its grey-list or in any other case.
Earlier, a delegation of Pakistani officers delegation led by Finance Secretary Mohammad Younas Dagha includes officers from the Monetary Monitoring Unit, Ministry of International Affairs, Nationwide Counter Terrorism Authority, the inside ministry, the Federal Board of Income (FBR), the State Financial institution of Pakistan, Securities and Alternate Fee of Pakistan and the Federal Investigation Company, attended two-day APG session in China.