Pakistan presents compliance report to FATF

Pakistan presents compliance report to FATF

Islamabad (Staff Report/Agencies): Pakistan has submitted its compliance report to the Financial Action Task Force (FATF), showing its efforts to change anti-money laundering and counter-terrorist financing laws.

Federal Minister for Economic Affairs Hammad Azhar told the media that Pakistan had submitted the compliance report before the joint group of FATF.

“There will be a response from them and then (there will be) face-to-face meeting,” said Azhar.

The country is hoping that the watchdog extends the current deadline of complying to FATF’s 27 action plans from February to June of next year in its upcoming plenary review meeting as the current deadline is too short.

In October, Pakistan rejected the Indian Defense Minister Rajnath Singh’s comments that FATF can any time blacklist Pakistan.

Foreign Office (FO) Spokesperson Dr Muhammad Faisal said the statement reinforces Pakistan's concerns about India's attempts to politicise the FATF proceedings to further its narrow partisan objectives.

“India's incessant smear against Pakistan and blatant partisanship also call into question its credentials to be co-chair of the Asia-Pacific Joint Group that reviews Pakistan’s progress to implement the FATF Action Plan,” the FO spokesperson said.

“Our concerns in this regard have been previously brought to the attention of FATF members,” He added.