ISLAMABAD: The Financial Action Task Force (FATF) is likely to demand Domorka from Pakistan at today’s meeting.
An announcement is expected by FATF by nightfall. According to sources, Pakistan may get a further action plan for cracking down on money laundering.
Sources in the Ministry of Finance said that Pakistan has submitted a report to FATF on anti-money laundering measures. The FATF is satisfied with Pakistan’s anti-money laundering measures but the International Cooperation Review Group is not satisfied with anti-money laundering measures. Identified areas related to laundering.
Pakistan will have to complete further measures against money laundering by January 2022. Pakistan is implementing 40 recommendations of FATF’s Asia Pacific Group (APG) and International Cooperation Review Group (ICRG). Pakistan has completed implementation of 26 out of 27 points of the Asia-Pacific Group.