FATF officials review Pakistan’s anti-money laundering measures

A view from Islamabad (Blue Area), Pakistan. (Shutterstock)
Updated 15 August 2018
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FATF officials review Pakistan’s anti-money laundering measures

  • FATF reviewing progress on 12-point plan by the global watchdog of financial transactions on Pakistan
  • Foreign Ministry says Pakistan is prepared for the FATF visit

ISLAMABAD: Representatives of the global watchdog for financial transactions were visiting Pakistan this week to review progress on implementing a 12-point plan.

Pakistan was placed on the Financial Action Task Force (FATF) “grey list” last June at FATF Plenary session in Paris after a review of the monitoring report of the International Cooperation Review Group (ICRG).
Foreign Ministry spokesman Mohammad Faisal told a news briefing last week, before the delegation arrived in the country: “Pakistan is prepared for the FATF visit.” 
The FATF delegation was scheduled to meet caretaker Finance Minister Shamshad Akhtar and representatives of the National Counter Terrorism Authority (NACTA), Federal Investigation Agency (FIA), State Bank of Pakistan and other relevant state bodies.
The FATF is an inter-governmental body, which is based in Paris, which battles money laundering, terrorist financing and other threats to the international financial system. It was set up in 1989.
After the country was put on the FATF list, the Pakistan government reiterated its commitment to fulfilling demands made by the watchdog in July this year.
On June 30 Pakistan’s caretaker Finance Minister Dr. Shamshad Akhtar promised that the government was determined to strengthen measures against terrorism and terror financing.
The FATF delegation’s visit will conclude on Thursday.


Authorities begin action against vehicles without e-tags in Pakistani capital

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Authorities begin action against vehicles without e-tags in Pakistani capital

  • Capital administration made e-tags mandatory for all vehicles in Islamabad in Nov.
  • Vehicles already equipped with a motorway tag, or m-tag, do not require an e-tag

ISLAMABAD: Authorities have begun action against vehicles plying roads in the Pakistani capital of Islamabad without electronic tags, or e-tags, the Islamabad administration said on Sunday, in a move aimed at streamlining traffic management and improving monitoring at the city’s entry and exit points.

The capital administration made e-tags mandatory for all vehicles in Islamabad in Nov. last year to enhance security in the city. Vehicles already equipped with a motorway tag, or m-tag, do not require an e-tag.

The move is aimed at regulating traffic flow, improving record-keeping, and ensuring that vehicles entering the federal capital are properly registered within the system, according to the officials.

The enforcement relies on e-tag readers installed at entry and check points across the capital, which automatically identify untagged vehicles and allow authorities to take action without manual checks.

“Vehicles without m-tags are being stopped at various checkpoints,” the Islamabad administration said in a statement, citing a top excise official. “Citizens are requested to get the tags installed as soon as possible to avoid legal trouble.”

Readers are fully operational at various check points across the city to identify vehicles without e-tags, according to the statement. Installation of e-tags is also underway at 17 points set up in different areas.

“A total of 166,888 vehicles have so far been successfully issued m-tags,” the statement read.

Last month, Interior Minister Mohsin Naqvi also reviewed Islamabad’s monitoring system and said reforms in Safe City project operations and the effective use of technology were the “need of the hour,” according to his ministry.

“Under the Capital Smart City initiative, citizen services such as Rescue 1122, traffic management, security, and the Capital Development Authority (CDA) would be integrated into a centralized system,” Naqvi said.