ISLAMABAD, Pakistan: Pakistan has been removed from the grey list of the Financial Action Task Force (FATF), a global money laundering and terrorism financing watchdog.
Pakistan had been put on the FATF’s grey list in June 2018 for its failure to check the risk of money laundering, leading to corruption and terror financing.
The FATF President Raja Kumar officially announced on Friday in his presser that Pakistan has been taken off the grey list of the FATF.
They’ve (Pakistan) been removed from the grey list, however, there’s still work to be done on their part. I’m encouraging Pakistan to continue to work with the Asia-Pacific group to continue taking steps to combat terrorism financing: FATF president T Raja Kumar pic.twitter.com/zJOOk5Weju
— The Times Of India (@timesofindia) October 21, 2022
In a statement, the FATF said: “The FATF welcomes Pakistan’s significant progress in improving its AML/CFT (Anti-Money Laundering and Combating the Financing of Terror) regime. Pakistan has strengthened the effectiveness of its AML/CFT regime and addressed technical deficiencies to meet the commitments of its action plans regarding strategic deficiencies that the FATF identified in June 2018 and June 2021, the latter of which was completed in advance of the deadlines, encompassing 34 action items in total. Pakistan is therefore no longer subject to the FATF’s increased monitoring process.”
“Pakistan will continue to work with APG to further improve its AML/CFT system.”.
Pakistan 🇵🇰 exiting the FATF grey list is a vindication of our determined and sustained efforts over the years. I would like to congratulate our civil & military leadership as well as all institutions whose hard work led to today’s success. Aap sab ko bohat bohat Mubarak 🙂
— Shehbaz Sharif (@CMShehbaz) October 21, 2022
Congratulations to the people of Pakistan. Pakistan has officially been removed from the FATF ‘grey list’. Pakistan Zindabad.
— BilawalBhuttoZardari (@BBhuttoZardari) October 21, 2022
Pakistan has MA exited FATF Grey List. This has been a long and arduous journey that has only been made possible through strong political ownership across the political spectrum. It shows Pakistan can achieve much when we work together for Pakistan’s interest. pic.twitter.com/AUWZcXW4l8
— Hina Rabbani Khar (@HinaRKhar) October 21, 2022
Pakistan has MA exited FATF Grey List. This has been a long and arduous journey that has only been made possible through strong political ownership across the political spectrum. It shows Pakistan can achieve much when we work together for Pakistan’s interest. pic.twitter.com/AUWZcXW4l8
— Hina Rabbani Khar (@HinaRKhar) October 21, 2022
