October 21, 2022 (MLN): The Economical Motion Undertaking Power (FATF) has ultimately eliminated Pakistan from its list of jurisdictions underneath greater checking list on the other hand the country will stay on the checking listing.
Finance Minister Ishaq Dar reported that “Heartiest congratulations to the Nation on elimination of Pakistan’s title these days from the FATF’s “grey list”. Attempts of the civil-army group under the management of PM @CMShehbaz in reaching this intention are highly commendable. Pakistan Zindabad!”
The FATF taken out two users from the jurisdictions under elevated checking listing together with Nicaragua and Pakistan, reported the FATF Presidnet T. Raja Kumar in an on the internet briefing.
He lauded the attempts taken by the authorities in Pakistan and acknowledged their initiatives to fight funds laundering and terror financing in the state.
He claimed that Pakistan has complied with all of the steps proposed by the FATF. He also additional that the on-internet site team visit produced by the FATF workforce uncovered that the attempts taken by Pakistan have been sustainable and strengthened threat-based mostly supervision of monetary and non-money establishments.
Pakistan will go on to function with APG to even further improve its AML/CFT method.
Pakistan has been on the FATF gray record since 2018.
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