Pakistan out of grey list: FATF – Mettis Global Link

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Oct 21, 2022 (MLN): The Money Motion Endeavor Force (FATF) has ultimately taken out Pakistan from its checklist of jurisdictions underneath amplified monitoring list on the other hand the country will keep on being on the checking record.

Finance Minister Ishaq Dar said that “Heartiest congratulations to the Nation on removal of Pakistan’s title currently from the FATF’s “grey list”. Attempts of the civil-army crew under the management of PM @CMShehbaz in attaining this purpose are really commendable. Pakistan Zindabad!”

The FATF taken off two users from the jurisdictions beneath enhanced monitoring listing which include Nicaragua and Pakistan, explained 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 battle revenue laundering and terror funding in the region.

He claimed that Pakistan has complied with all of the actions proposed by the FATF. He also included that the on-web site crew take a look at manufactured by the FATF workforce uncovered that the efforts taken by Pakistan were sustainable and strengthened risk-based supervision of money and non-financial establishments. 

Pakistan will continue on to operate with APG to further make improvements to its AML/CFT method.

Pakistan has been on the FATF grey checklist since 2018. 

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Posted on:2022-10-21T20:02:58+05:00

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