The chances of Pakistan being removed from the FATF gray list this year are bright
Pakistan assures completion of implementation of 27 points of FATF and speedy completion of progress on remaining 6 points
Regarding the latest contacts with the FATF, the sources said that there is hope that good news will come from the FATF regarding the removal of Pakistan’s name from the gray list this year. According to sources, Pakistan and the FATF The two sides also held one-day face-to-face talks about two to three weeks ago in which the Pakistani delegation was led by Federal Minister Hamad Azhar.
Sources said that Pakistan has handed over the documentary evidence of full implementation of 21 out of 27 points to the authorities, assuring significant progress on the remaining 6 points, which are said to be 6. 50-70% of the points have been implemented. Government sources say that Pakistan is implementing the FATF action plan comprehensively and comprehensively, to prevent terrorist financing and money laundering. Legislation, concrete steps have been taken to curb terrorist financing and money laundering, which the FATF has acknowledged – according to officials, Pakistan has rapidly implemented the FATF Action Plan over the past two years. Imported, Pakistan has fully or partially implemented all 27 conditions of the FATF and none of the 27 conditions remained unfulfilled – according to officials, in January 2019, Pakistan fulfilled only one condition, on one. Partial implementation and 25 conditions were incomplete, while in June 2019, Pakistan fulfilled two conditions, partial implementation of 12 and incomplete 12 conditions.
Similarly, in October 2019, Pakistan fulfilled 5 conditions, 17 partial implementation and 5 conditions were incomplete, while in February 2020, Pakistan fulfilled 14 conditions, 11 partial implementation and 2 conditions were incomplete. Completed the conditions and partially implemented 6 conditions and no condition remained incomplete.
- Latest
- Trending
