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The Plenary Meeting of Financial Action Task Force (FATF) took place at Orlando, USA, from June 16-21. The meeting reviewed the compliance of a number of countries, including Pakistan with the international standards on Anti-Money Laundering and Counter Financing of Terrorism (AML-CFT).
Pakistan was placed by FATF in its Compliance Document in view of an Action Plan agreed with Pakistan in June 2018 to strengthen its AML/CFT Regime.
FATF reviewed progress made by Pakistan towards the implementation of the Action Plan. It acknowledged the steps taken by Pakistan to improve its AML/CFT regime and highlighted the need for further actions for implementing the Action Plan.
FATF will undertake the next review of Pakistan’s Progress in October 2019.
The Government of Pakistan reiterates its commitment to take all necessary measures to ensure completion of the Action Plan in a timely manner.