Clock ticking on FATF action plan implementation

ISLAMABAD: A meeting of the Financial Action Task Force (FATF) is just weeks away but Pakistan is still grappling to cope with a critical deficiency in its legal regime that could leave a question mark over the country’s demonstrable capacity to seize properties of terrorist organisations.

The problem has arisen because of conflicting positions that Pakistan took before the FATF in earlier meetings about its legal regimes with regard to the freezing real estate assets of proscribed organisations, said sources in the Ministry of Finance…read more

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