Islamabad: Pakistan’s National Assembly on Friday approved a supplementary bill to find a permanent solution to prevent the country from joining the Financial Action Task Force (FATF) ‘grey list’.
The bill, which seeks to set up an agency to crack down on money laundering and terrorist financing, has been passed by the lower house of parliament. It is intended to bring all organizations related to FATF under one roof.
Minister of State for External Affairs Heena Rabbani Khar, who presented this bill, said, ‘This is a good bill. If this is implemented properly, Pakistan will not be included in FATF’s gray list again’, he said. Last year, FATF removed Pakistan from the gray list.