The Asia Pacific Group (APG) of the Financial Action Task Force (FATF) has expressed satisfaction over the measures taken by Pakistan to curb terror financing and money laundering.
It has submitted a report in this regard to the International Country Risk Guide (ICRG). The ICRG will mull over the APG’s reply for five days and will then submit its recommendations before the task force.
The FATF will gather again in May to review the recommendations regarding the removal of the South Asian country from the greylist. Notably, Pakistan is not a member of the FATF, but its delegation will be there at the venue to answer the queries regarding the actions taken as per the 27 points given by the task force.
The government is quite hopeful to get a favorable review, as several European countries have assured their support in the final meeting of the FATF.
The countries believe that Pakistan has implemented the FATF recommendations regarding the prevention of terror financing and currency smuggling from the borders, airports, and coastal belt and has improved monitoring of bank transactions.
It needs to be noted that the FATF plenary meeting will be held today in Paris to review the APG’s report. The FATF plenary and its several groups will hold meetings in this regard from February 18 to 22.