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Pakistan out of grey list: FATF – Mettis Global Link

Pakistan out of grey list: FATF – Mettis Global Link

October 21, 2022 (MLN): The Economical Motion Process Force (FATF) has eventually eradicated Pakistan from its list of jurisdictions below increased monitoring listing having said that the region will remain on the checking list.

Finance Minister Ishaq Dar claimed that “Heartiest congratulations to the Nation on removing of Pakistan’s identify these days from the FATF’s “grey list”. Efforts of the civil-armed forces group under the leadership of PM @CMShehbaz in acquiring this intention are very commendable. Pakistan Zindabad!”

The FATF eliminated two users from the jurisdictions underneath increased checking listing together with Nicaragua and Pakistan, explained the FATF Presidnet T. Raja Kumar in an on the web briefing.

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

He explained that Pakistan has complied with all of the steps proposed by the FATF. He also included that the on-web-site group pay a visit to designed by the FATF team identified that the attempts taken by Pakistan were being sustainable and strengthened hazard-dependent supervision of money and non-monetary institutions. 

Pakistan will proceed to do the job with APG to even further make improvements to its AML/CFT procedure.

Pakistan has been on the FATF gray listing because 2018. 

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