Friday, January 27, 2023

No justification to keep Pakistan on FATF grey list: FM Qureshi

Pakistan has complied with 26 out of 27 FATF action plans

Foreign Minister Shah Mahmood Qureshi has said that the Financial Action Task Force (FATF) has no justification to keep Pakistan on its grey list as the country has implemented 26 out of 27 FATF action points.

Qureshi said Pakistan had completed the FATF’s technical requirements. “We had been given 27 points in the FATF Action Plan, out of which work on 26 has been completed,” he said, adding that work was also being carried out to address the remaining item.

Pakistan has taken significant steps and enacted several laws to curb money laundering and terrorist financing and hence “There is no justification to keep Pakistan on the grey list,” he said, expressing hope that the country would exit the grey list on June 25 when the FATF plenary outcome will be announced.

He also cautioned that India desired to use the forum for “political purposes” but should not be allowed to do so.

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