International

FATF to review steps taken by Pak in June

Islamabad, Apr 7 (IANS) | Publish Date: 4/7/2020 9:02:06 AM IST

Pakistan’s performance to meet international commitments and standards in the fight against money laundering and terror financing will be reviewed by the Financial Action Task Force (FATF) at its meeting slated to be held in Beijing on June 21-26, a government official said.

In February, the Paris-based global watchdog against financial crimes gave Pakistan a four-month grace period to complete its 27-point action plan against money laundering and terror financing committed with the international community when it noted that Pakistan had delivered on 14 points and missed 13 other targets. The official told Dawn news that Pakistan’s performance would be reviewed at the joint working group meetings of the FATF and Eurasian Group (EAG) in Beijing and the assessment would lead to final announcement in October if Pakistan should move out of the grey list. He said certain action points were yet to be complied with the commitments mainly because of ongoing coronavirus lockdowns. The FATF had announced on February 21 that all deadlines given to Pakistan to complete the 27-point action plan had expired and yet only 14 items had largely been completed, leaving 13 unaccomplished targets. It strongly urged Pakistan to swiftly complete its full action plan by June or else it would be moved to the list of monitored jurisdiction, commonly known as blacklist.

-Tags:#FATF

Launched on December 3,1990. Nagaland Post is the first and highest circulated newspaper of Nagaland state. Nagaland Post is also the first newspaper in Nagaland to be published in multi-colour.

Desk:+91-3862-248 489, e-mail: npdesk@gmail.com Fax: +91-3862-248 500
Advt.:+91-3862-248 267, e-mail:npostadvt@gmail.com

QUICK LINKS

SUNDAY POST

Join us on

© Nagaland Post 2018. All Rights are Reserved
Designed by : 4C Plus