Berlin June 17 2022: At its meeting, FATF made the initial determination Pakistan has substantially completed its two action plans and warrants an on-site visit to verify the implementation of reforms has begun and is being sustained, the global money laundering watchdog comments in a statement.
FATF will conduct an on-site visit at the earliest possible date.
Pakistan’s continued political commitment to combating both terrorist financing and money laundering has led to significant progress
It should be noted that in the year 2018, Pakistan was made a part of the FATF gray list, after which the number of countries investing in Pakistan had decreased slightly.
In a review in March 2022, the terrorist financing agency left Pakistan on the gray list, saying that Pakistan had “made significant progress in fulfilling its recommendations.”
It should be noted that Pakistan had also amended the law against money laundering in the year 2020 so that further action could be taken but according to the spokesperson of the federal government, in the review of 2021, He was asked to provide further examples of progress in action and money laundering cases.
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