Pakistan
Pakistan remains on FATF’s grey list
Pakistan had fulfilled the anti-money laundering watchdog's maximum technical requirements.
Islamabad: Pakistan remained on the grey list of the Financial Action Task Force (FATF) despite Pakistan's continuing commitment to a sustainable and robust anti money laundering (AML) and combating the financing of terrorism (CFT) frameworks.
Pakistan had fulfilled the anti-money laundering watchdog's maximum technical requirements.
Its plenary meetings was held in hybrid format. Pakistani delegation was led by Minister for Energy Hammad Azhar.
Pakistan presented its case in an effetive manner and also reaffirmed its political commitment to continue with the efforts to complete the action plans.
As regards 2018 Action Plan, Pakistan has already completed twenty six of the twenty seven Action Plan items while there was recognition by the FATF that Pakistan has made significant progress towards addressing the last remaining action item.
The FATF encouraged Pakistan to continue to make progress to address as soon as possible the remaining one item.
As regards 2021 Action Plan, Pakistan has made swift progress. In just two plenary cycles, Pakistan has completed six out of seven action items.
A statement issued by the Finance Ministry reiterated Pakistan's commitment to take all necessary measures to ensure completion of remaining two Action Plan Items during the upcoming FATF plenary cycle to become eligible for exiting from the grey list.
Meanwhile in his tweets, Minister for Energy Hammad Azhar said despite challenges, Pakistan completion of FATF's technical parameters shall be acknowledged soon.
The Minister expressed Pakistan's unwavering commitment against money laundering and terror financing. He said the country has waged a war on these activities not just for global compliance but first and foremost for its own sake.
Pakistan's completion of FATF technical parameters shall be acknowledged soon, despite challenges.
— Hammad Azhar (@Hammad_Azhar) March 4, 2022
Our fight against ML & TF continues with an unwavering national resolve. We wage war on these activities not just for global compliances but first & foremost for our own sake.
-
Business 1 day ago
Possibility of petrol shortage in twin cities, Lahore
-
Pakistan 1 day ago
Non-issuance of UAE visa to Pakistanis is lie: Consul General
-
Pakistan 2 days ago
Non-recovery of abducted boy leads to strike across Balochistan
-
Pakistan 2 days ago
PTI showdown: CIA building in Islamabad declared sub-jail
-
World 2 days ago
Donald Trump completes 15-member cabinet
-
Regional 1 day ago
Couple's wedding photoshoot in front of containers in Islamabad goes viral
-
Pakistan 1 day ago
Army called in Islamabad, ordered to shoot miscreants on site
-
Pakistan 8 hours ago
List revealed of injured, deceased brought to hospital in PTI protest