The 5-Member Asia-Pacific Regional Review Group (AP-RRG) is visiting Pakistan to assess the implementation level of anti money laundering and combating financing of terrorism (AML/CFT) regime of Pakistan.
In this regard, Executive Secretary, APGML (Asia Pacific Group on Money Laundering) Mr. Gordon Hook had a preliminary meeting with Finance Minister, Senator Mohammad Ishaq Dar here on Wednesday. They had general discussion on AML/CFT regime of Pakistan.
Finance Minister on this occasion said that Pakistan has undergone mutual evaluation by APG in 2009 and made all out efforts to align its anti-money laundering & combating financing of terrorism (AML/CFT) regime with international standards. Pakistan has fully complied with the FATF Action Plan agreed in June 2010 (Revised in 2011) and shared its progress on the Action Plan on regular basis to the satisfaction of the international body. He said Pakistan is fully committed to continue productive interaction with the relevant international and regional bodies on AML/CFT and implement all recommendations of FATF (Financial Action Task Force) through a continuous and efficient process.
Mr. Gordon Hook appreciated Pakistan’s efforts in countering money laundering and combating financing of terrorism and said that among SAARC countries, Pakistan’s performance in this realm was the most praiseworthy. He said he was looking forward to the regional review group meeting on Thursday where Pakistan’s efforts and role in AML/CFT would be discussed at length.
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