FATF challenge: MoF-led body evolving action plan

A ministerial committee led by the Finance Ministry will meet for the first time at the Foreign Office next week to finalize an action plan in compliance with the decision of Financial Action Task Force (FATF), which placed Pakistan on the global terror financing watch list. FATF has given Pakistan time until Jun.’18 to show permanent credible action on queries raised against it. In this background, the govt. is removing certain deficiencies in the Anti-Money Laundering and Countering of Terrorist Financing (AML/CFT) framework of Pakistan.

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