The Financial Action Task Force (FATF) retained Pakistan on its grey list, In a briefing, FATF President Marcus Pleyer said that Pakistan has “addressed or largely addressed” 30 of the 34 items of the FATF action plan to contain money laundering and terror financing.
The Global terror financing watchdog President said that “Pakistan is making good progress and only four action items remain to be completed,” added that “I thank the Pakistani government for their continued strong commitment to this process,”
The FATF president while speaking about other decisions taken during the meeting, said that two countries, Mauritius and Botswana, have been removed from the grey list, on the other hand, 3 countries are coming onto the list Jordan, Turkey and Mali.
The FATF in its previous session, recognised Pakistan’s progress and efforts to address items in its country action plan that refers to combating terror financing.
The finance ministry said in a statement that FATF has recognized “considerable progress” made by Pakistan on both the Action Plans.
It further added that “With regard to the 2021 Action Plan, Pakistan has completed 4 of the 7 Action Plan Items, Pakistan has completed these 4 Action Plan items much before the timelines prescribed by FATF,”.
The progress on remaining 3 action items is well underway and it is aimed to complete 3 action items ahead of timelines set by the FATF.
Your email address will not be published. Required fields are marked *