ISLAMABAD: Finance Minister Asad Umar has said that he has the Financial Action Task Force (FATF) president to remove India from the position of co-chair for the Pakistan FATF review.Asad Umar took to Twitter saying, &India has blatantly abused its position by lobbying to get Pakistan blacklisted in the final review in Paris.
We successfully defended our position Alhamdulillah.&According to The freshs report Pakistan shall have to demonstrate its compliance on 15 major conditions of the FATF till May 2019 in order to avoid falling into blacklist.In addition to these 15 major demands for the May-related deadline, the FATF in its final plenary assembly held in Paris also included three more steps for review in coming May/June assembly including (1) revising/updating Pakistan national risk assessment on terrorism financing, (2) improving FBR customs report on cash couriers to curb currency smuggling and (3) placing inter agency cooperation mechanism among law enforcing agencies at federal and provincial levels.So the FATF shall gauge performance on total 18 points, including three above-mentioned, in the coming FATF assembly expected to be held in Colombo in June.TheIndianSubcontinent has not verified the content of the source.
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