Pakistan committed to implementing int’l AML, CFT standards: Asad Umar

19 Oct, 2018 9:30 am

ISLAMABAD (92 News) – Minister for Finance Asad Umar has expressed the government’s firm resolve to implement the international Anti Money Laundering and Counter Financing Terrorism standards (CFT) in the country.

A delegation of the FATF led by Gorden Hik met the finance minister in Islamabad. During the meeting, the head of the delegation said that the Financial Action Task Forces (FATF) Asia Pacific Group (APG) had very positive meetings with the officials in Pakistan.

Talking to a Team of Asia Pacific Group on Money Laundering led by the Executive Secretary of the Group Gordon Hook, Asad Umer said that the Financial Action Task Force (FATF) has acknowledged Pakistan’s measures to curb money laundering.

The finance minister said that Pakistan was determined to adopt modern ways to stop money laundering. Umer said that the Pakistan government would continue to cooperate with the body and will take steps on the directions of the FATF.

The minister reaffirmed Pakistan’s strong and unequivocal commitment to work with Asia Pacific Group and Financial Action Task Force in the fight against money laundering, terrorism financing and other financial crimes.

He particularly emphasized that Pakistan would continue to take all actions required to further strengthen its AML/CFT regime.


The APG Chief Executive acknowledged Pakistan’s progress in Anti Money Laundering and Counter Financing Terrorism areas.

Earlier today, the National Accountability Bureau (NAB) had briefed the Financial Action Task Forces (FATF) Asia Pacific Group (APG) delegation on measures and the cases related to money laundering.

 




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