Friday, August 12, 2022

FATF has cleared Pakistan on all points: Hina Rabbani Khar

Congratulating the Pakistani nation, Minister of State for External Affairs Hina Rabbani Khar said that the Financial Action Task Force (FATF) has finalized both the Action Plans of Pakistan.

Speaking on the sidelines of the FATF Summit in Berlin, Germany, Hina Rabbani Khar said, “The international community has unanimously appreciated our efforts. Our success is the result of a difficult journey of 4 years.”

Congrats Pak! FATF declares both Action Plans complete. Intl community has unanimously ack our efforts. Our success is the result of 4 yrs of challenging journey. Pak reaffirms resolve to continue the momentum and give our economy a boost. Well done Pak Team FATF. Pak Zindabad!

– Hina R Khar (inaHinaRKhar) June 17, 2022

Hina Rabbani Khar says Pakistan reiterates its commitment to continue this momentum and boost its economy.

He said that today is a happy day for all Pakistanis, congratulations to the nation, FATF has cleared Pakistan on all points after which the process of getting out of Pakistan’s gray list under FATF procedure has started. The process of getting out of the gray list is expected to be completed by October.

He said that now a technical review team will be sent to Pakistan according to FATF procedure, we will do our best to complete this work before FATF plenary cycle of October 2022 and we have assured them that every Possible cooperation will be provided.

Hina Rabbani Khar said that with this, in October 2022, the process of getting out of our fat gray list will come to an end.

FATF Declaration

A statement issued by FATF said that Pakistan has completed its two action plans based on 34 items. The fulfillment of the conditions will be confirmed by visiting Pakistan.

Fatif said that Corona would visit Pakistan as soon as possible after reviewing the situation. Pakistan has completed reforms to curb money laundering and financing of terrorism.

FATF says Pakistan has completed reforms to curb money laundering and terrorist financing. Pakistan has made great strides in prosecuting the leaders of terrorist groups listed on the UN list. There has also been a positive trend in the investigation and prosecution of money laundering in Pakistan.

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