Mettis Global News
Mettis Global News
Mettis Global News
Mettis Global News

MPS Preview: High for Longer

Pakistan’s third report on FATF progress to be submitted on April 15th

Share on facebook
Share on twitter
Share on linkedin
Share on whatsapp

April 12, 2019 (MLN):  Pakistan’s third report on its progress concerning measures recommended by Financial Action Task Force (FATF) and its regional affiliate the Asia-Pacific Group (APG) to curb terrorism financing and money laundering, will be submitted to the watchdog by April 15, 2019.

In total, Pakistan was supposed to submit four such reports which means that after the submission of the latest report, the country will have to present one last report before its final review in June 2019.

An FATF review group will pore over this report in a meeting which is scheduled to take place in May. This meeting shall hold high importance as the country will be evaluated based on its performance.

The watchdog will assess Pakistan’s general progress based on global standards against financial crimes to permit its exclusion from its grey list.

Copyright Mettis Link News

Posted on: 2019-04-12T09:52:00+05:00

27402