ISLAMABAD  -  Finance Minister Asad Umar here Wednesday chaired meetings with SECP and SBP senior officials to review progress made by the regulators on FATF action plan.

The meeting was attended by executive directors from SBP and SECP, DG-FMU, legal adviser-FMU and other senior officials.

During the meeting, SBP and SECP gave a detailed presentation on the progress on actions taken by them towards implementation of FATF Action Plan.

The finance minister desired that the internal action plans with specific timelines on implementation of FATF action plan should be put in place immediately and shared with FMU so that all FATF Action Plan items are completed within the agreed timelines.

The finance minister also asked them to not only complete actions due in January 2019 but also focus on actions due in May and September 2019 as they would be required to update FATF on work being done to meet those timelines.

The finance minister over the last three days held series of meetings with different stakeholders including provincial government institutions concerned,

LEAs, SECP, SBP, NACTA, FIA, FBR, FMU, and other institutes reviewing progress with regard to work undertaken by them on FATF action plan. The meetings concluded yesterday.