APGML delegation arrives in Pakistan

Delegation will review measures taken to check money laundering and terror financing


News Desk October 08, 2018

A delegation of Asia Pacific Group on Money Laundering, arrived in Pakistan on Monday for a 10-day visit, Radio Pakistan reported.

The FATF-style regional body for the Asia-Pacific region will review measures taken by the country to check money laundering and terror financing.

FATF measures help make bank operations clean

Pakistan has taken a series of measures as per the FATF rules. In July, it upgraded its border posts systems and ensured better coordination among its agencies to address FATF concerns regarding smuggling of currency by terrorist groups operating along the border with Afghanistan.

The cross-border movement of currency by the UN-designated groups were among the four key areas of concerns that became the base for placing Pakistan on the greylist maintained by the FATF.

However, these allegations were denied by Pakistan.

Earlier, the British High Commissioner to Pakistan Thomas Drew extended United Kingdom's support to help Pakistan come out of the FATF greylist.

Under the FATF sword

“In my first meeting with the new government, I offered technical help to make sure it does not stay too long in grey list,” Drew said.

“Pakistan has done very well during the last five months on the issue of FATF. We are investing to help Pakistan to meet criteria of FATF,” he added.

 

COMMENTS (1)

Dr. Asjad Iqbal | 6 years ago | Reply Why is the focus only on Pakistan as regards money laundering? Neighboring Afghanistan produces the largest amount of opium and heroin in the world. Now genetically modified seeds are being used which allow the poppies to be grown all year round and even in areas of low rainfall. The technology for producing such seeds belong to some companies like Monsanto. Anyway heroin reaches the USA and Europe and dollars and euros come to Afghanistan. Probably billions of dollars of money laundering is going on.
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