has not placed Pakistan on the blacklist," he said urging the international community "to take notice of Indian propaganda and fake news".
A meeting was held between Pakistan and Asian Pacific Group of FATF
in Canberra, capital city of Australia on Wednesday.
The mutual evaluation process by the APG is separate from the FATF
but it is based on the implementation of 40 FATF
The mutual evaluation process is separate from the FATF
's grey listing.
"Failure to exit from the FATF
grey list is a risk to the recently approved $6 billion IMF deal...The IMF is responsible for the financial system stability and the FATF-related issues hamper taxation and undermine banking system," The Express Tribune quoted Sanchez as saying.
The FBR has asked the head of field formations to create an enabling environment in this regard keeping in mind sensitivity of the issue.Directorate of Cross Border Currency Movement Director Abdul Waheed Marwat will look after the charge of the FATF
cell in addition to his own duties.Similarly, Muhammad Asif (PCS/BS-19), Wajid Zaman (PCS/BS-18), Zahoor Ahmad Mughal (BS-16) and Sajid Mehboob (BS-16) have also been transferred to this cell with immediate effect.
The extension announced June 21 was the sixth extension since FATF
first gave Iran a deadline in June 2016, three years ago, to adopt FATF
's banking standards.
"India became its (FATF
) member in 1998 after the constitution of Framework of Monitoring Unit.
She alleged that previous governments did not apply for FATF
membership because it would have 'exposed their money laundering and corruption'.
Presidency, the FATF
has tackled several of the worlds most pressing money laundering, terrorist financing, and proliferation financing challenges, said Secretary Mnuchin.
"We regard the statement issued by India regarding the FATF
report as preposterous and unwarranted.
The spokesperson said Pakistan has consistently shared its concerns on this account with the FATF
chair and members in the past and drawn their attention to high level political statements and media leaks from India to cast Pakistan in a negative light and plead for Pakistan's downgrading.