Islamabad, October 21, 2022 (PPI-OT): The Financial Action Task Force has announced to formally remove Pakistan from its grey list. This was announced by FATF President T Raja Kumar in Paris on Friday.
He said Pakistan had been on the grey list since 2018 and after a lot of work by the Pakistani authorities, they completed a combined 34 action items to address deficiencies in the anti-money laundering and counterterrorism financing systems. Raja Kumar said FATF welcomes this significant progress as a result Pakistan can now more effectively tackle anti-money laundering and terror financing.
He said an FATF team has verified that the reforms are in place and that there is a high-level of commitment and capacity to sustain those reforms. He said these reforms are good for the stability of the country and the region. Prime Minister Shehbaz Sharif expressed gratitude for the removal of Pakistan’s name from FATF grey list.
In a series of tweets, he said Pakistan’s exiting the FATF grey list is a vindication of our determined and sustained efforts over the years. He congratulated the civil and military leadership as well as all institutions whose hard work led to today’s success. Shehbaz Sharif commended the role and efforts of Foreign Minister Bilawal Bhutto, Army Chief General Qamar Javed Bajwa, their teams and all political parties for putting up a united front to get Pakistan out of the grey list.
For more information, contact:
Ministry of Information and Broadcasting
Government of Pakistan
4th Floor, Cabinet Block, Pak. Secretariat, Islamabad, Pakistan
Tel: +92-51-9103557
Email: info@moib.gov.pk
Website: http://www.moib.gov.pk
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