The Financial Action Task Force (FATF) on February 22 said that Pakistan has taken steps towards improving its anti-money laundering and countering financing of terrorism regime, however it needs to take more steps to address its strategic deficiencies, according to a statement posted on the watchdog’s website, reports Daily Times. “Since June 2018, when Pakistan made a high-level political commitment to work with the FATF and APG to strengthen its AML/CFT regime and to address its strategic counter-terrorist financing-related deficiencies, Pakistan has taken steps towards improving its AML/CFT regime, including by operationalising the integrated database for its currency declaration regime,” the FATF statement said. “Pakistan has revised its TF risk assessment; however, it does not demonstrate a proper understanding of the TF risks posed by Daesh, al Qaeda, JuD, FIF, LeT, JeM, HQN, and persons affiliated with the Taliban,” the statement maintained.