Pakistan out of grey list: FATF – Mettis Global Link
Oct 21, 2022 (MLN): The Financial Motion Task Drive (FATF) has lastly removed Pakistan from its listing of jurisdictions underneath greater checking listing however the nation will stay on the monitoring checklist.
Finance Minister Ishaq Dar explained that “Heartiest congratulations to the Nation on removal of Pakistan’s title now from the FATF’s “grey list”. Efforts of the civil-military team below the leadership of PM @CMShehbaz in reaching this objective are hugely commendable. Pakistan Zindabad!”
The FATF taken out two members from the jurisdictions underneath greater monitoring record including Nicaragua and Pakistan, explained the FATF Presidnet T. Raja Kumar in an on the web briefing.
He lauded the attempts taken by the authorities in Pakistan and acknowledged their initiatives to beat cash laundering and terror funding in the place.
He mentioned that Pakistan has complied with all of the actions proposed by the FATF. He also extra that the on-website staff take a look at made by the FATF team discovered that the initiatives taken by Pakistan were being sustainable and strengthened threat-based mostly supervision of economic and non-economic establishments.
Pakistan will continue on to function with APG to additional strengthen its AML/CFT procedure.
Pakistan has been on the FATF gray record considering that 2018.
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Posted on:2022-10-21T20:02:58+05:00
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