Finance Minister reviews progress in AML/CFT

ISLAMABAD, Sep 07 (APP):Minister for Finance Asad Umar Friday chaired a meeting of National Executive Committee (NEC) to discuss and review progress in anti-money laundering and combating the financing of terrorism (AML/CFT) areas of the relevant stakeholders especially implementation status of Financial Action Task Force (FATF) Action Plan.
The NEC is high level body established to oversee both policy and implementation matters of the
Anti-Money Laundering and Counter Financing of Terrorism regime.
During discussion, the Finance Minister emphasized to put more efforts to meet the compliance
of AML/CFT regime with international standards.
The Finance Minister was of the view that the Action Plan may be seen as an opportunity rather
than a challenge and this Action Plan will set directions for a robust AML/CFT regime in Pakistan as
per international standards.
The Minister emphasized the need to work hard and achieve the desired action well before the
agreed time lines as it is in the interest of the country.