ISLAMABAD: The meeting of the Financial Action Task Force on Money Laundering (FATF) is scheduled for this week, from 14 to 17 June 2022. in Berlin (Germany) where is fate of Pakistan will decide on its exclusion from the gray list or extension for another period of a few months with existing status.
The Pakistani authorities are full of hope and expect a positive outcome from the plenary session. When contacted by a senior Pakistani official on Sunday said, “We’ve got good hope for currently. We believe that our progress significant and highly acclaimed various members. However, the actual decision will be accepted in meeting, where of countries will comment on our progress. So let’s hope for in best”.
When official was asked that before Pakistan is removed from the gray list, will the FATF send its team for field trip for inspection performance of country, official answered that yes, if the country is cleared all points will go to the object and then remove from the gray list will be done.
According to the FATF announcement, delegates representing 206 members of global network and observer organizations including the International Monetary Fund, the UN, the World Bank and the Egmont Group of Financial intelligence units will take part in in last plenary session under two-year German presidency of Dr. Markus Player, June 14-17, 2022 German government will host this hybrid event in Berlin, with significant number of participants participate in human.
Within four days of meetings, delegates will complete key issues, including a report to prevent money laundering through real real estate sector and a report to be help financial institutions use collaborative analytics, data collection and other exchange initiatives for assessment and mitigation money laundering and terrorist financing risks they face.
delegates will also discuss estimates of measures to combat money laundering and financing of terrorism in Germany and the Netherlands, and progress made certain jurisdictions, identified as representing risk to financial system. results of FATF Plenary Meeting will be published on Friday 17 June after closing of meeting.
