FATF challenge: Hafeez warns against any complacency

07 May, 2019

Adviser to Prime Minister on Finance Dr Abdul Hafeez Shaikh has directed all stakeholders to work round-the-clock, give highest priority and put great efforts for achieving and surpassing the FATF Action Plan. Hafeez Shaikh chaired a meeting to review progress on FATF Action Plan on Monday wherein the secretary finance updated all the key stakeholders on the critical nature of the meeting, serious challenges at hand and top priority that is being assigned by the government.
An official said that the compliance with the FATF action plan is major challenge as well as priority of the government and compliance report regarding progress achieved by Pakistan to curb terrorism financing and money laundering is to be taken up by FATF in the current month. The upcoming meeting of the FATF is very crucial for Pakistan, said the official.
The advisor was updated by all the key stakeholders regarding progress made by Pakistan on FATF Action Plan. The stakeholders demonstrated coordination and commitment to achieve this national objective. The meeting was attended by secretary finance, secretary interior, chairman FBR, chairman SECP, deputy governor SBP, director general FMU, director general Counter Terrorism (CT), Ministry of Foreign Affairs, Director General CT NACTA and representatives of law enforcement and intelligence agencies.

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