FATF acknowledges completion of Pakistan’s Action Plans, authorizes onsite visit

Islamabad, June 18: The Financial Action Task Force (FATF) has acknowledged the completion of Pakistan’s Action Plans of 2018 and 2021 and authorized an onsite visit to Pakistan as a final step to removing the country from FATF’s grey list, the Pakistani Foreign Ministry said.
“The FATF members congratulated Pakistan for completing both Action Plans covering 34 items, especially on the early completion of the 2021 Action Plan,” the ministry said in a statement on Friday night.
FATF put Pakistan on its grey list in June 2018 and in June last year gave Pakistan another Action Plan to fulfill. The global money laundering watchdog reviewed the country’s progress on FATF Action Plans in its plenary meetings held in Berlin from June 13 to June 17 in 2022.
Pakistan continued its relentless efforts towards the successful completion of these Action Plans despite many challenges including the COVID-19 pandemic, according to the statement. (UNI)