ISLAMABAD: Representatives from a Paris-based global body, which is tasked with tracking sources of illegal money, were due to arrive in Islamabad on Monday, media reports said.
The Financial Action Task Force (FATF), in a statement released in February this year, had termed Pakistan’s progress on the implementation of its action plan as “limited” and asked Islamabad to address all strategic deficiencies.
The group is set to hold talks with representatives from the Securities and Exchange Commission of Pakistan, State Bank of Pakistan, Ministry of Foreign Affairs, Ministry of Interior, and other Pakistani officials from Tuesday.
Pakistan had been on the FATF grey list from 2012 to 2015, before being put on the list again in June 2018.
“Pakistan has revised its TF [terror financing] risk assessment. However, it does not demonstrate a proper understanding of the TF risks posed by Da'esh (ISIS), Al-Qaeda, JuD [Jamaat-ud-Dawa], FIF [Falah-e-Insaniat Foundation], LeT [Lashkar-e-Taiba], JeM [Jaish-e-Mohammad], HQN [Haqqani Network] and persons affiliated with the Taliban,” the FATF statement read.