Pakistan’s name was removed from the Financial Action Task Force (FATF) gray list after nearly 52 months.
Getting off FATF’s gray list will make it easier for Pakistan to get foreign funding.
Pakistan will remain under FATF monitoring, Pakistan needs to further implement the Anti-Money Laundering and Terror Financing Law.
Financial Action Task Force (FATF) President T Raja Kumar says that Pakistan has been removed from FATF’s gray list. Pakistan was on FATF’s gray list since 2018. Goa has been removed from the gray list.
T Rajakumar said that FATF monitoring of Pakistan will continue, Pakistan has fulfilled all 34 demands, we welcome Pakistan to come out of the gray list.
FATF President T Rajakumar said that FATF visited Pakistan and reviewed all the reforms.
President T Rajakumar said that Myanmar is being added from gray to blacklist.
In 2018, Pakistan was included in FATF’s gray list and given an action plan to implement 27 points, later Pakistan was asked to implement seven more and then six points. A FATF delegation visited Pakistan to review the implementation of
The working group and plenary sessions in Paris were attended by delegates representing 206 global network members and observer organizations, including the International Monetary Fund (IMF), the United Nations, the World Bank, Interpol and the Egmont Group of Financial Intelligence Units. .
At the end of the 2-day discussion, the decisions to be taken in the plenary session were announced.
Prime Minister Shahbaz Sharif expressed his gratitude for getting out of FATF’s gray list and said that thanks to Allah, Pakistan got rid of FATF’s gray list.
Shahbaz Sharif said that congratulations to the nation for restoring the reputation and dignity of Pakistan at the global level, it is an acknowledgment of our great sacrifices in the war against terrorism.
The Prime Minister said that the world has recognized the efforts of Pakistan for counter-terrorism.