FATF HOLDS SESSION TO MEASURE PAKISTANS PERFORMANCE – Ukaaj.com | A great real estate is HERE !

FATF HOLDS SESSION TO MEASURE PAKISTANS PERFORMANCE

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FATF HOLDS SESSION TO MEASURE PAKISTANS PERFORMANCE

KEEPING PAKISTAN IN THE GREYLIST OR WHITE LIST WILL BE ANNOUNCED ON 25Th FEB 2021

The Financial Action Task Force (FATF) is now undergoing a virtual plenary session, in which Pakistan’s performance in the measures to minimizing money laundering & terror financing would be reviewed.
Ahead of the meeting, FATF had given a glimpse of the overall performance of all countries where it was also revealed that Pakistan showed a great improvement in compliance on 2 sectors whereas the total recommendations measures were 40. Surely actions for the effectiveness of anti-money laundering & removal loops for financing terror. On realistic grounds, Pakistan’s progress on non-compliant on four counts is a total of 25 counts.
Still, by now, Pakistan’s evaluation at the plenary will be based on a predetermined 27-point action plan & not the total 40 recommendations.

Now after so many efforts of Pakistan is very less likely to be pulled on the blacklist. As the three most accredited members of FATF — China, Turkey and Malaysia — always sustain all pressures & helped PAKISTAN in tough situations. Thou Pakistan has to show consolidating steps as well as FATA has very clear & strict regulations.

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