FATF satisfied with bid to curb money laundering.


BEIJING -- Financial Action Task Force's (FATF) Working Group has expressed satisfaction on the progress report submitted by Pakistan, comprising its performance from October 2019 till January 2020 in compliance with the watchdog's 27-point action plan to curb money laundering.

A delegation led by Minister for Economic Affairs Division Hammad Azhar briefed the terror-finance watchdog in Beijing about the progress made by Pakistan.

The delegation, comprises representatives from the National Counter Terrorism Authority (NACTA), Foreign Ministry, State Bank of Pakistan (SBP), Pakistan Customs, Interior Ministry and Financial Monitoring Unit, is currently in the Chinese capital to meet with the FATF.

FATF reviewed Pakistan's response to its arguments while Azhar gave a detailed briefing to...

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