Foreign Minister Shah Mahmoud Qureshi said on Wednesday that Pakistan has completed 26 of the 27 action items of the Financial Action Task Force (FATF), so there is no longer any reason to keep Pakistan on the grey list. .
The Minister of Foreign Affairs of Pakistan stated in a statement that Pakistan has met the highest technical requirements of anti-money laundering regulators-two days after the FATF’s five-day virtual meeting began in Paris.
FATF will announce its findings on June 25.
Qureshi said that India is trying to abuse the forum for political purposes because it is obsessed with continuing anti-Pakistan propaganda. “Pakistan has taken concrete measures to curb money laundering and terrorist financing.”
He pointed out that Pakistan has “inherited” the FATF greylist issue of the previous regime, but the current government has done its best to bring it out.
The foreign minister stated that the world is acknowledging Pakistan’s efforts in implementing the FATF action plan.
Measures taken by Pakistan include the promulgation of strict anti-money laundering laws, the freezing of assets, and the filing of lawsuits against banned organizations.
As a result, the Asia-Pacific Anti-Money Laundering Group raised Pakistan’s anti-money laundering and terrorist financing ratings. In addition, the Pakistan-EU Joint Commission also welcomed the country’s progress in implementing FATF key points.