FATF to Take away Pakistan From Gray Checklist After On-Web site Go to as Nation Completes Motion Plans

The Monetary Motion Job Drive (FATF) has acknowledged that Pakistan has “considerably accomplished its two motion plans,” saying that the worldwide watchdog will now schedule an on-site go to to confirm the implementation of the measures earlier than eradicating Pakistan from the FATF Gray Checklist.

FATF Pakistan, FATF Pakistan Grey List, Pakistan Grey List, FATF Grey List

FATF to Take away Pakistan From Gray Checklist After On-Web site Go to as Nation Completes Motion Plans

In an announcement, the FATF acknowledged that Pakistan has accomplished each its motion plans, which lined 34 objects and mentioned this confirmed the required political dedication was in place to maintain implementation and enchancment sooner or later. “The FATF will proceed to observe the COVID-19 scenario and conduct an on-site go to on the earliest potential date to confirm the implementation and sustainability of the nation’s cash laundering and counter-terrorism financing measures,” it added.

Moreover, the FATF additionally acknowledged Pakistan’s political dedication to combating each terrorist financing and cash laundering, which it mentioned had led to important progress. “Pakistan demonstrated that terror financing investigations and prosecutions goal senior leaders and commanders of UN designated terrorist teams and that there’s a constructive upwards pattern within the variety of cash laundering investigations and prosecutions being pursued in Pakistan, in step with Pakistan’s danger profile,” the watchdog added.

The monetary watchdog additionally famous that Pakistan has additionally largely addressed its 2021 motion plan forward of the set occasions and FATF President Dr Marcus Pleyer famous that Pakistani authorities have executed lots of work. “Pakistan has now largely addressed all 34 motion objects from their mixed two motion plans.” he mentioned, including that Pakistan might be faraway from FATF Gray Checklist after it passes the on-site go to.

Minister of State for Overseas Affairs Hina Rabbani Khar, who was main Pakistan’s delegation on the plenary session in Berlin, congratulated Pakistan, saying that the worldwide neighborhood had “unanimously” acknowledged the nation’s efforts.

“Our success is the results of 4 years of a difficult journey. Pakistan reaffirms resolve to proceed the momentum and provides our economic system a lift,” mentioned the Minister in her Tweet.

Leave a Reply

Your email address will not be published.