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Pakistan to implement FATF action plan by February: Hafeez
[DAWN] Pakistain is committed to fully implementing its action plan to counter money laundering and terrorist financing by February next year and there’s no disagreement among various governments’ institutions on this matter, says Financial Adviser Abdul Hafeez Sheikh."We're gonna do it, you betcha! Pinkie swear!" A global watchdog for money laundering and terrorist financing ‐ the Financial Action Task Force (FATF) ‐ gave Pakistain a four-month lifeline on Friday, urging Islamabad to fulfil its commitments by February 2020. Speaking to the US-based Pak media on Sunday evening, Mr Sheikh also highlighted the government’s efforts to revive the national economy. "Basically, all government institutions are on the same page on this issue. We will take the decisions that we need to fight money laundering and terrorist financing," said the adviser while responding to a question about the FATF deadline. FATF also warned Pakistain that failing to fulfil its commitments to this international monitoring agency could put the country back on a list of jurisdictions branded as uncooperative and tax havens for terror funding. Related: Abdul Hafeez Shaikh: 2019-05-24 Pakistan to get Saudi oil on credit as of July Abdul Hafeez Shaikh: 2010-09-07 CCI decides to impose flood tax Related: FATF: 2019-10-20 FATF’s concerns FATF: 2019-10-19 Iran’s regime fails for sixth time to meet anti-terror finance measures FATF: 2019-10-19 Pakistan given final lifeline, to remain in FATF grey list till February 2020 Posted by: Fred 2019-10-22 |
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