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October 23, 2019
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Pakistan high level delegation leaves for FATF meeting in Sydney

ISLAMABAD: A high level delegation of Pakistan led by Secretary Finance Arif Ahmed departed for a meeting of Financial Action Task Force (FATF) to be held in Sydney, Australia.

Before the departure of the delegation, Pakistan sent a Terror Financing Risk Assessment Report electronically to the FATF.

The 12-member team will explain the action plan that the government intends to follow to comply with international obligations leading to Pakistan exit from the grey list of the Paris-based watchdog.

The delegation will attend a three-day meeting of the FATF in Sydney. The delegation comprised representatives of the State Bank of Pakistan (SBP), National Counter Terrorism Authority (NACTA), Federal Investigation Agency (FIA), Federal Board of Revenue (FBR) and Financial Monitoring Unit.

The team will address questions and observations of the FATF on the basis of risk assessment report already transmitted to the global anti-terror financing watchdog. Pakistan, in the report, has pointed out to Pak-Afghan and Pak-Iran borders as key routes for terror financing and money laundering