Pakistan out of grey list: FATF – Mettis Global Link

1 min read

October 21, 2022 (MLN): The Fiscal Motion Endeavor Force (FATF) has at last taken off Pakistan from its listing of jurisdictions underneath elevated checking checklist however the country will remain on the monitoring record.

Finance Minister Ishaq Dar mentioned that “Heartiest congratulations to the Country on elimination of Pakistan’s title today from the FATF’s “grey list”. Endeavours of the civil-armed service staff underneath the leadership of PM @CMShehbaz in accomplishing this target are highly commendable. Pakistan Zindabad!”

The FATF taken off two customers from the jurisdictions underneath improved monitoring list including Nicaragua and Pakistan, said the FATF Presidnet T. Raja Kumar in an on the internet briefing.

He lauded the endeavours taken by the authorities in Pakistan and acknowledged their endeavours to combat funds laundering and terror financing in the country.

He explained that Pakistan has complied with all of the actions proposed by the FATF. He also included that the on-web page group check out designed by the FATF group uncovered that the endeavours taken by Pakistan were sustainable and strengthened hazard-primarily based supervision of money and non-fiscal institutions.

Pakistan will keep on to function with APG to even more enhance its AML/CFT process.

Pakistan has been on the FATF grey listing because 2018.

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

35569