FATF:Pak terror funding unabated

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Members of Asia-Pacific Group of the Paris-based Financial Action Task Force (FATF) have questioned Pakistan’s seriousness to act against proscribed terror outfits and its efforts to curb money laundering and terror financing at a meeting held in China, according to a media report.

A 10-member delegation, led by Finance Secretary Mohammad Younas Dagha, attended the two-day meeting of the Asia-Pacific Group (APG) of the Paris-based FATF in the southern Chinese city of Guangzhou.

According to the report, some participants, particularly  from India, raised very tough questions about Pakistan’s seriousness to act against proscribed organisations and effectiveness of internal controls. The Pakistan delegation said the country was very close to accomplish the milestones set under the FATF action plan well before the September deadline.

On May 3rd, Finance Minister Arun Jaitley said India will ask the FATF to put Pakistan on a blacklist of countries that fail to meet international standards in stopping financial crime.

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