FATF set to review Pakistan case at Sydney

ISLAMABAD: Teams from Pakistan and the Financial Action Task Force (FATF) are going to hold a three-day session in Sydney beginning Saturday to discuss the issue of removing the country’s name from the Grey List.

The meeting will review the progress made in achieving the targets set under an action plan to stop money laundering and terrorism financing from Pakistan.

A high-level delegation led by Federal Finance Secretary Arif Ahmed Khan has already left for Sydney to take part in the talks.

The delegation also includes high-level officials from the State Bank, SECP, FBR’s financial monitoring unit, interior ministry and DG NACTA.



During the talks, the delegation will present its joint committee report for FATF to the officials and brief them about the progress on the risk investment report of the force.

According to sources, Pakistan has accomplished multiple targets spelled out in the action plan of the FATF while many other targets are in their advanced stages of completion.

The members of the review committee are from China and India, with the latter having perceived prejudice against Pakistan.

Keeping this in mind, Pakistani authorities have expressed their reservations over the inclusion of members from India in the task force.

The sources further said that the three-day meeting will also see FATF’s review on Pakistan’s implementation on the action plan based on which Pakistan will present a report to FATF on January 14.