Pakistan is likely to exit from Financial Action Task Force (FATF) grey list as FATF’s plenary meeting in Berlin on Friday.
The Financial Action Task Force’s (FATF) announces that Pakistan had met all 34 items on two separate action plans.
Pak was nominate for grey listing by FATF in Feb 2018 & had to complete the most challenging action plan ever given to any jurisdiction. When my govt took over, we faced dire prospect of Blacklisting by that body. Our past compliance history with FATF was also not favorable. Imran Khan tweeted.
In June 2018, Pakistan was place on the grey list, however when PTI government was in power then Pakistan was on the grey list.
Shaukat Tarin Tweeted ‘’ Removal of Pakistan from FATF grey list is yet another feather in PTI Hammad Azhar’s cap. After producing strong economic results in the last two years, successfully managing Covid and now FATF’’
Pakistan has a good chance of getting out of the grey list, but now it is to be seen that the credit for getting out of the grey list goes to the present government or the previous government.
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Its credit does not go to the present government at all, because when Pakistan was put on the grey list the government belongs to PML N.
Sheikh Rasheed congratulated all Pakistanis and said that the credit goes to Imran Khan, Pak Army and the Interior Ministry.
What is FATF?
The FATF is an inter-governmental body that sets international standards seeking to prevent international financial crimes that aid terrorism.
FATF has placed a country under increased monitoring to check its progress on measures against money laundering and terrorism financing.
The Financial Action Task Force (FATF) is the global money laundering and terrorist financing watchdog.
