ISLAMABAD: Pakistan has fulfilled maximum technical requirements of Financial Action Task Force (FATF) and there is no justificatgion to keep it on grey list, said Foreign Minister Shah Mahmood Qureshi.
“Pakistan has taken concrete steps to curb money-laundering and terrorist financing,” he maintained.
FATF will make its findings public on June 25 after analyzing the response Pakistan has give on all 27 poinsts of the task force.
Qureshi said there was no longer any justification to keep Pakistan on the grey list as the country had fulfilled 26 out of 27 action items of the FATF.
Qureshi said that Pakistan had fulfilled the anti-money laundering watchdog’s maximum technical requirements.
Qureshi said India is making attempts to misuse the forum for political purposes, as it has indulged in continuous anti-Pakistan propaganda. “Pakistan has taken concrete steps to curb money-laundering and terrorist financing”, he added.
He pointed out that Pakistan “inherited” the problem of the FATF grey-listing from the previous regime, however, the incumbent government has done its best to bring the country out of it.
The foreign minister said the world was acknowledging Pakistan’s efforts in the implementation of the FATF Action Plan.
The steps taken by Pakistan include the promulgation of strict laws against money laundering, freezing of assets, and filing of cases against banned organisations.
Resultantly, the Asia Pacific Group on Money Laundering improved Pakistan’s rating against money laundering and terror financing. Moreover, the Pakistan European Union Joint Commission had also welcomed the country’s progress in the implementation of FATF points.
