ISLAMABAD: A five-member delegation of Pakistan on Saturday will attend an important meeting of the Financial Action Task Force (FATF).
As per reports, Hammad Azhar federal minister for Economic Affairs Division will lead the delegation which will attend the FATF meeting.
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Where FATF be informed about the conduct of a preliminary review of Pakistan’s progress report of achieving 40 recommendations in its action plan for uprooting money laundering and terror financing from the country.
The report carries Pakistan’s response to the FATF’s action plan, and observed that the country has shown progress in 36 out of the 40 recommendations.
According to sources, the country has completed an important point of keeping the data of financial institutions confidential.
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It has shown significant progress in nine recommendations.
Crackdown against benami asset holders has also been improved, the report outlines.
It further mentions measures implemented by the government against money laundering.
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