RAWALPINDI: The Director-Basic of Inter-Providers Public Relations (DG-ISPR) stated on Friday that the completion of the Monetary Motion Job Drive (FATF) anti-money laundering (AML) and combating financing of terrorism (CFT) motion plans is a good achievement, ARY Information quoted the army’s media wing on Friday.

The Director-Basic of Inter-Providers Public Relations (DG-ISPR) stated in a press release that the completion of the FATF motion plans by Pakistan was ‘a monumental effort paving means for whitelisting’.

COAS Bajwa stated, “Core cell on the Basic Headquarters (GHQ) which steered the nationwide effort and civil-military workforce which synergised implementation of the motion plan made it doable, making Pakistan proud.”

Key improvement

The Monetary Motion Job Drive (FATF) has acknowledged that Pakistan has  “considerably accomplished its two motion plans”, saying that the watchdog will now schedule an on-site go to to confirm the implementation of the measures.

Nonetheless, Pakistan has not been formally faraway from the FATF’s gray checklist. In a press release, the watchdog acknowledged that Pakistan has accomplished each its motion plans, masking 34 objects and stated this confirmed the required political dedication was in place to maintain implementation and enchancment sooner or later.


“The FATF will proceed to watch the Covid-19 state of affairs and conduct an on-site go to on the earliest doable date to confirm the implementation and sustainability of the nation’s cash laundering and counter-terrorism financing measures,” it added.

The FATF additionally acknowledged Pakistan continued political dedication to combating each terrorist financing and cash laundering, which it stated had led to important progress.

“Pakistan demonstrated that terror financing investigations and prosecutions goal senior leaders and commanders of UN designated terrorist teams and that there’s a constructive upwards pattern within the variety of cash laundering investigations and prosecutions being pursued in Pakistan, according to Pakistan’s threat profile,” it added.

The monetary watchdog famous that Pakistan has additionally largely addressed its 2021 motion plan forward of the set occasions.


Supply hyperlink

By admin

Leave a Reply

Your email address will not be published.