ANL 19.29 Decreased By ▼ -1.56 (-7.48%)
ASC 13.45 Decreased By ▼ -0.09 (-0.66%)
ASL 22.20 Decreased By ▼ -0.80 (-3.48%)
BOP 8.18 Decreased By ▼ -0.02 (-0.24%)
BYCO 7.55 Decreased By ▼ -0.26 (-3.33%)
FCCL 17.45 Decreased By ▼ -0.35 (-1.97%)
FFBL 22.10 Decreased By ▼ -0.65 (-2.86%)
FFL 15.20 Decreased By ▼ -0.30 (-1.94%)
FNEL 7.40 Increased By ▲ 0.05 (0.68%)
GGGL 17.00 Decreased By ▼ -0.83 (-4.66%)
GGL 39.30 Decreased By ▼ -0.71 (-1.77%)
HUMNL 5.76 Decreased By ▼ -0.26 (-4.32%)
JSCL 18.00 Decreased By ▼ -0.30 (-1.64%)
KAPCO 35.95 Decreased By ▼ -0.40 (-1.1%)
KEL 3.29 Decreased By ▼ -0.11 (-3.24%)
MDTL 2.50 Decreased By ▼ -0.15 (-5.66%)
MLCF 34.24 Decreased By ▼ -0.86 (-2.45%)
NETSOL 119.85 Decreased By ▼ -9.55 (-7.38%)
PACE 4.94 Increased By ▲ 0.19 (4%)
PAEL 26.53 Decreased By ▼ -0.47 (-1.74%)
PIBTL 8.71 Decreased By ▼ -0.14 (-1.58%)
POWER 7.25 Decreased By ▼ -0.20 (-2.68%)
PRL 16.97 Decreased By ▼ -0.18 (-1.05%)
PTC 9.65 Decreased By ▼ -0.36 (-3.6%)
SILK 1.50 No Change ▼ 0.00 (0%)
SNGP 45.10 Increased By ▲ 0.10 (0.22%)
TELE 17.48 Decreased By ▼ -1.41 (-7.46%)
TRG 161.00 Decreased By ▼ -1.70 (-1.04%)
UNITY 31.80 Decreased By ▼ -1.15 (-3.49%)
WTL 2.85 Decreased By ▼ -0.09 (-3.06%)
BR100 4,718 Decreased By ▼ -14.65 (-0.31%)
BR30 22,320 Decreased By ▼ -482.1 (-2.11%)
KSE100 45,074 Decreased By ▼ -223.36 (-0.49%)
KSE30 17,742 Decreased By ▼ -68.18 (-0.38%)

Coronavirus
HIGH Source: covid.gov.pk
Pakistan Deaths
27,566
4224hr
Pakistan Cases
1,238,668
1,78024hr
3.98% positivity
Sindh
455,065
Punjab
428,394
Balochistan
32,849
Islamabad
105,021
KPK
173,023
Pakistan

Head of US Delegation to FATF Scott Rembrandt arrives in Pakistan

  • Three-day visit aimed at discussing the country's action plan agreed with the forum
14 Sep 2021

Scott Rembrandt, Head of the US Delegation to the Financial Action Task Force (FATF), arrived in Pakistan on Tuesday on a three-day visit aimed at discussing the country's action plan agreed with the forum, reported Aaj News.

Rembrandt also serves as the Deputy Assistant Secretary for Strategic Policy in the Office of Terrorist Financing and Financial Crimes at the US Department of the Treasury.

Pakistan to stay on FATF’s ‘grey list’

He is likely to meet Pakistani officials working on the FATF's action plan for the country.

Rembrandt is also expected to discuss Islamabad's progress on the issue of terror financing and money laundering, one of FATF's key concerns.

In July, the US asked Pakistan to expeditiously implement its new second action plan, while recognising Islamabad's efforts in satisfying obligations that would help its case with the FATF.

US encourages Pakistan to expeditiously implement FATF action plan

In June, Pakistan was kept on the FATF's increased monitoring list -- also called the grey list -- after having met 26 of the 27 items on the action plan.

It was also asked to work on "the deficiencies later identified in Pakistan's 2019 Asia Pacific Group (APG) Mutual Evaluation Report (MER)".

Pakistan compliant in 35 out of 40 recommendations in APG action plan

In August, it was reported that Pakistan is now 'compliant' or 'largely compliant' in 35 of the 40 recommendations put forth by the APG, according to the follow-up MER, an upgrade from the previous assessment in which the country met 31 out of the 40 points in the action plan.

However, the country will stay on the "enhanced follow-up", and continue to report back to the APG.

Pakistan has to meet all deficiencies identified in the APG action plan as well as one remaining item in the Financial Action Task Force (FATF)'s action plan to move off the 'grey list'.

"Pakistan has 35 Recommendations rated C/LC (compliant/largely compliant)," said the APG in the '3rd Follow-Up Report Mutual Evaluation of Pakistan July 2021'.

"Pakistan will remain on enhanced follow-up, and will continue to report back to the APG on progress to strengthen its implementation of AML/CFT (anti money-laundering/combating the financing of terrorism) measures. Pakistan’s fourth progress report is due 1 February 2022."

Pakistan has been on the monitoring list since 2018 along with several other countries with deficiencies in the AML/CFT regime.

Comments

Comments are closed.

1 Comment(s)
Sort By
Zarzan khan Sep 15, 2021 12:54am
FM should present the ' Indian dossier of terrorism in Pakistan, Afghanistan and IOK, to the FATF deputy head. India should be on black list.
thumb_up Recommended (0)