ISLAMABAD: The federal government and the Financial Action Task Force (FATF) will begin final negotiations in Islamabad on Monday.

Officials of the ministries of finance and interior, the financial monitoring unit and the state bank will meet the FATF delegation from October 7 – 19.

Securities and Exchange Commission of Pakistan (SECP) and law enforcement agencies will also meet with representatives from the international organisation.

The FATF delegation is in the country to evaluate measures taken by the country to curb terrorism financing.

According to reports, the FATF recommended amendments to the Anti Money Laundering (AML) and Countering Financing of Terrorism (CFT) Regulations 2018 that have been accepted by the country.

Included in the list of proposals by the FATF that Pakistan has accepted are measures to determine money trail and banning Al-Rahman Trust.

A final report on Pakistan’s progress on the matter will be presented before a meeting of the FATF later this year.

The FATF placed Pakistan on its grey-list after a meeting in Paris on June 28. Pakistan was placed on the list of countries involved in providing monetary assistance to terrorism and other related causes. Pakistan was also on the FATF grey list between 2012 and 2015.