Oct 21, 2022 (MLN): The Economic Action Process Force (FATF) has ultimately taken out Pakistan from its checklist of jurisdictions below amplified checking record however the country will remain on the checking record.
Finance Minister Ishaq Dar stated that “Heartiest congratulations to the Nation on removing of Pakistan’s identify nowadays from the FATF’s “grey list”. Attempts of the civil-armed forces crew beneath the management of PM @CMShehbaz in attaining this intention are remarkably commendable. Pakistan Zindabad!”
The FATF taken off two members from the jurisdictions under elevated checking list like Nicaragua and Pakistan, claimed the FATF Presidnet T. Raja Kumar in an on the net briefing.
He lauded the efforts taken by the authorities in Pakistan and acknowledged their attempts to overcome revenue laundering and terror funding in the nation.
He stated that Pakistan has complied with all of the steps proposed by the FATF. He also included that the on-internet site team take a look at designed by the FATF group identified that the endeavours taken by Pakistan have been sustainable and strengthened danger-based mostly supervision of economical and non-economical institutions.
Pakistan will keep on to operate with APG to further improve its AML/CFT system.
Pakistan has been on the FATF grey record given that 2018.
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