Finance Minister reviews progress on FATF action plan

News Image

By MG News | December 19, 2018 at 12:01 AM GMT+05:00

0:00

ISLAMABAD, Dec 18: Finance Minister Asad Umar chaired a meeting of the National Executive Committee (NEC) on Tuesday to review the progress on Financial Action Task Force (FATF) Action Plan.

National Counter Terrorism Authority (NACTA) made a detailed presentation on the Terrorist Financing Risk Assessment, prepared jointly by NACTA and Federal Investigating Agency (FIA) in consultation with a number of relevant authorities.

After detailed deliberations on various aspects of the assessment report, the NEC approved the same subject to addressing certain observations in respect of key policy and legislative areas.

NACTA will finalize the report after addressing the observations. The NEC also approved the Risk Assessment Report on cash smuggling prepared by FBR-Customs.

Financial Monitoring Unit (FMU) presented the analysis on suspicious transaction reports filed by the financial sector in the last three years and the law enforcement actions taken against money laundering and terrorism financing on the basis of such reports.

NEC advised the authorities concerned to enhance enforcement actions and adopt a result oriented approach.

The Chairman NEC advised all the departmental heads to regularly monitor timely implementation of the FATF Action Plan.

The need for a coordinated effort with the provinces was also highlighted.

The meeting was attended by Minister for Foreign Affairs, Minister for Law & Justice, Minister of State for Interior, Governor-SBP, Chairman-SECP, Director General-FIA, Director General-NACTA, Director General-FBR Customs, Director General-FMU & other senior officials of the Federal and Provincial Governments.

 

(APP)

Related News

Name Price/Vol %Chg/NChg
KSE100 130,686.66
280.01M
0.26%
342.63
ALLSHR 81,305.25
897.01M
0.35%
281.26
KSE30 39,945.45
114.02M
0.09%
37.19
KMI30 190,698.05
148.61M
0.61%
1163.05
KMIALLSHR 55,074.15
495.43M
0.53%
290.50
BKTi 34,568.40
28.73M
-1.07%
-372.33
OGTi 28,739.35
22.59M
1.57%
443.29
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 110,300.00 110,525.00
110,105.00
-115.00
-0.10%
BRENT CRUDE 68.74 68.89
68.73
-0.06
-0.09%
RICHARDS BAY COAL MONTHLY 97.50 0.00
0.00
-0.75
-0.76%
ROTTERDAM COAL MONTHLY 108.45 109.80
108.45
-0.55
-0.50%
USD RBD PALM OLEIN 998.50 998.50
998.50
0.00
0.00%
CRUDE OIL - WTI 67.01 67.18
66.99
0.01
0.01%
SUGAR #11 WORLD 16.37 16.40
15.44
0.79
5.07%

Chart of the Day


Latest News
July 04, 2025 at 06:09 AM GMT+05:00

MG Morning Breeze: Updates to Skim before Market


July 03, 2025 at 10:04 PM GMT+05:00

SBP reserves rise around to $13bn


July 03, 2025 at 05:39 PM GMT+05:00

Gold price in Pakistan rises Rs800 per tola


July 03, 2025 at 05:17 PM GMT+05:00

Microsoft exits Pakistan after 25 years


July 03, 2025 at 04:43 PM GMT+05:00

Privatisation Commission approves advisors for ZTBL



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg