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17th meeting of NEC on Anti-Money Laundering reviews FATF action Plan

17th meeting of NEC on Anti-Money Laundering reviews FATF action Plan

ISLAMABAD: Federal Minister for Finance and Revenue, Dr. Abdul Hafeez Shaikh, chaired the 17th meeting of the National Executive Committee (NEC) on Anti-Money Laundering at the Finance Division today.

Federal Minister for Industries and Production Hammad Azhar, Secretary Law Raja Naeem Akbar, Secretary Finance Kamran Ali Afzal, Director General-FMU Lubna Malik, Director General-FATF Khawaja Adnan, Director General-OPS NAB Zahir Shah, Director General (CT) Ministry of Foreign Affairs Asim Ali Khan, Deputy Governor State Bank of Pakistan Jameel Ahmed, Additional Director General FIA Ahsan Saqib, Director General MO Major General Nauman Zakaria and senior officials of the Finance Ministry participated in the meeting.

In his opening remarks, the Finance Minister commended the great efforts made by the National Executive Committee, under the chairmanship of the Minister for Industries and Production Hammad Azhar, in achieving major milestones with reference to 27-point FATF Action Plan. The unity of purpose, team work and meticulous coordination among various Ministries and Departments concerned have brought Pakistan closer to achieving the target of completing FATF Action Plan despite enormous challenges, he added.

DG FMU briefed the Committee on overall progress achieved on the FATF Action Plan and outlined efforts underway for the remaining targets to be achieved in due course of time. Pakistan has received international recognition and support for making strides vis-a-vis an exigent Action Plan given by the Financial Action Task Force, she apprised.

While acknowledging the robust progress demonstrated by the relevant Ministries and Departments, the Finance Minister urged to expedite efforts for fulfilling requirements in a few remaining areas. The strict adherence to timelines would culminate into successful completion of the FATF Action Plan, he stressed. APP