ISLAMABAD: The Financial Action Task Force (FATF) has asked Pakistan to document bullion trading across the country.The global body that monitors terrorism financing has handed over a fresh list of demands to be implemented.The FATF has directed the concerned authorities to gather data of all those who sale and purchase gold so that the funds generated through the trade are much channeled to banned outfits.It also asked Pakistan to list all the trusts registered at the district level and sought to regulate their functioning.
Their financial transactions should also be monitored, the FATF proposeed.Pakistan has been working with the FATF to be removed from the grey list and has already taken many steps in this regard.According to a recent report in this paper, the FATF clearance is a must for the IMF loan.
&After FATF is convinced with actions, the IMF shall be given a green sign by the Trump administration to sign the loan programme with Pakistan,& it said.TheIndianSubcontinent has not verified the content of the source.
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