Pakistan is progressing positively on the action plan of Financial Action Task Force (FATF) and will come out of its “grey list” in 2020, Pakistan Federal Minister For Economic Affairs Muhammad Hammad Azhar express his hopes.
Hammad Azhar is confident that Pakistan progress has been recognized by the FATF and it looks like we will come out from the grey list.
“We will have to complete the task for Asia Pacific Group by February and for International Cooperation Review Group we have gotten time till October next year, which is a success for Pakistan.”
The minister said a dedicated autonomous secretariat was being established for issues relating to the FATF, which would work in coordination with all the provinces and departments.
Moreover, special cells had also been set up in all the relevant government departments to comply with the requirements of FATF, he added.
He said the final report would be submitted to the FATF in January.