September 21, 2023

New knowledge base

Look In The Business

Pakistan out of grey list: FATF - Mettis Global Link

Pakistan out of grey list: FATF – Mettis Global Link

Oct 21, 2022 (MLN): The Economic Action Job Pressure (FATF) has last but not least taken out Pakistan from its checklist of jurisdictions beneath amplified checking record even so the nation will stay on the checking checklist.

Finance Minister Ishaq Dar explained that “Heartiest congratulations to the Nation on elimination of Pakistan’s title nowadays from the FATF’s “grey list”. Efforts of the civil-armed service crew under the management of PM @CMShehbaz in accomplishing this intention are remarkably commendable. Pakistan Zindabad!”

The FATF eliminated two associates from the jurisdictions less than amplified monitoring list such as Nicaragua and Pakistan, reported the FATF Presidnet T. Raja Kumar in an on the web briefing.

He lauded the efforts taken by the authorities in Pakistan and acknowledged their initiatives to fight cash laundering and terror funding in the state.

He mentioned that Pakistan has complied with all of the actions proposed by the FATF. He also extra that the on-web site crew go to manufactured by the FATF workforce uncovered that the initiatives taken by Pakistan were being sustainable and strengthened threat-based mostly supervision of monetary and non-fiscal institutions. 

Pakistan will carry on to perform with APG to further more make improvements to its AML/CFT process.

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

Copyright Mettis Website link News

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