October 4, 2023


Mad about real estate

Pakistan out of grey list: FATF - Mettis Global Link

Pakistan out of grey list: FATF – Mettis Global Link

Oct 21, 2022 (MLN): The Economic Motion Activity Pressure (FATF) has at last eradicated Pakistan from its checklist of jurisdictions underneath increased checking checklist however the nation will continue being on the checking record.

Finance Minister Ishaq Dar reported that “Heartiest congratulations to the Country on removal of Pakistan’s identify these days from the FATF’s “grey list”. Efforts of the civil-armed service team beneath the leadership of PM @CMShehbaz in attaining this purpose are very commendable. Pakistan Zindabad!”

The FATF taken out two customers from the jurisdictions under improved monitoring listing such as Nicaragua and Pakistan, mentioned the FATF Presidnet T. Raja Kumar in an on-line briefing.

He lauded the attempts taken by the authorities in Pakistan and acknowledged their endeavours to combat income laundering and terror financing in the state.

He said that Pakistan has complied with all of the steps proposed by the FATF. He also added that the on-site team check out built by the FATF group identified that the initiatives taken by Pakistan were being sustainable and strengthened threat-dependent supervision of economical and non-economical institutions. 

Pakistan will continue on to work with APG to additional make improvements to its AML/CFT technique.

Pakistan has been on the FATF grey checklist given that 2018. 

Copyright Mettis Connection Information

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