The Pakistani Senate Standing Committee on Interior and Narcotics Control has unanimously approved an Anti-Terrorism Bill relating to counter-financing of terrorism.

The bill is said to address shortcomings that relate to provisions on terrorist financing in Pakistan’s Anti-Terrorism Act, 1997 as pointed out by the Financial Action Task Force (FATF).

FATF is an international body comprising many countries and international organizations that set and monitor the international standards on Anti-Money Laundering and Counter-Financing of Terrorism.

After negotiations with FATF, the Pakistani government agreed to implement an action plan to bring its laws in compliance with international standards.

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