Financial Action Task Force(FATF) asks Pakistan to track all gold purchases. No cash payment.
The task force has asked Islamabad to collect data of all gold markets (Sarafa Bazars) in the country and the sale and purchase of gold therein.
The country has been asked to ban gold purchases on cash payments and instead allow those only through the debit or credit cards.
The recommendations further demanded Pakistan to ensure restriction on supply of gold and jewelry to the banned outfits and terrorist organisations.
The fresh recommendations from FATF are part of the action plan Pakistan has been asked to comply with in order to warrant its exclusion from the ‘grey list’.
https://dailytimes.com.pk/376551/fatf-asks-pakistan-to-document-all-gold-purchases-in-country/
