ISLAMABAD: Pakistan has rejected India’s contentions regarding Islamabad’s progress in improving its counter-terror financing operation in line with an internationally agreed plan, reiterating that New Delhi was politicising the deliberations of the Financial Action Task Force (FATF). “We regard the statement issued by India regarding the FATF report as preposterous and unwarranted,” Pakistan’s Foreign Office said in a statement on Saturday. The FATF has Pakistan on its “grey list” of countries with inadequate controls over curbing money laundering and terrorism financing. Following the FATF ultimatum, the finance ministry said the government committed to take all necessary measures to ensure completion of the action plan in a timely manner. It insisted that the FATF acknowledged the steps taken by Pakistan to improve its AML/CFT regime and highlighted the need for further actions to implement the action plan.

Source: Pakistan Today June 22, 2019 14:37 UTC