FATF likely to conduct initial review of Pakistan's report tomorrow

• Pakistan has already sent a detailed report on the measures implemented to the FATF on Tuesday, said ocal media reported citing sources.
• Report includes measures against money laundering and it also reveals further steps to curb terror financing.

The Financial Action Task Force (FATF) will conduct a preliminary review of Pakistan's report on Saturday for its action plan for uprooting money laundering and terror financing.

Pakistan has already sent a detailed report on the measures implemented to the FATF on Tuesday, local media reported citing sources. The report includes measures against money laundering and it also reveals further steps to curb terror financing.

Meanwhile, complete information of the investigation of some 700 money-laundering cases to terrorist organizations is also part of the report.

The report also included action taken against those who brought money to banned outfits. The information regarding confiscation of property of banned organizations is also included in the report. The report also details about the progress of the investigation against the property owners.

Just days ago, the government informed the Senate Standing Committee that there has been 220 percent increase in cash seizure and 300 percent increase in terrorist financing (TF) investigations whereas over 170 TF convictions have been made under the FATF Action Plan.

The Paris-based Financial Action Task Force said in October that Pakistan has until February to improve its counter-terror financing operations in line with an internationally agreed action plan, or face action against it.