FATF Strict Conditions, Pakistan Active To Get Out Of Grey List
ISLAMABAD (UrduPoint / Pakistan Point News / NNI - 17th March, 2019) Telecommunication sector of Pakistan made new rules to get on The Financial Action Task Force (FATF) terms. Mobile phones and Pakistan Post supplies will be recorded said.According to Ministry of Finance, Asia/Pacific Group on Money Laundering from FATF will visit Pakistan on March 25.
Pakistan Post supplies record will be provided to State Bank of Pakistan.According to sources, new rules are being made to keep the record of prize bonds. Rules will tell us the track of prize bond's ownership and the way they have been bought, informed Government.State Bank posed a fine of 40 million on banks if they fail to submit the complete record of supplies. NNI