November 15, 2022
1 min read

After FATF, Pakistan out of UK’s ‘High Risk Countries’ list

In April 2021, the UK government added Pakistan to the list of undesirable 21 high-risk countries with unsatisfactory money laundering and terrorist financing controls…reports Asian Lite News

In recognition of the effective measures taken by Pakistan against money laundering and terror financing, the US has now officially removed the nation from its list of “High Risk Third Countries”.

Foreign Minister Bilawal Bhutto Zardari announced the “good news” while sharing a letter of the Foreign, Commonwealth and Development Office on Twitter, Geo News reported.

“Some good news. The UK has officially removed Pakistan from its list of ‘High Risk Third Countries’ following our early completion of FATF action plans,” he tweeted.

“His Majesty’s Treasury issued an amendment to the UK’s High-Risk Third Countries’ list ON November 14, 2022, through a Statuary Instrument. The amendment removes Pakistan from the list in accordance with the decision taken by the FATF on October 21, 2022,” the official document read.

“The Foreign, Commonwealth and Development Office recognizes the progress Pakistan has made to improve money laundering and terrorist financing controls.”

In April 2021, the UK government added Pakistan to the list of undesirable 21 high-risk countries with unsatisfactory money laundering and terrorist financing controls, Geo News reported.

This list of 21 countries, released by the UK government, replicated the list of countries named by the FATF as high-risk or under increased monitoring. Pakistan shared the list at number 15 with conflict-ridden countries such as Syria, Uganda, Yemen and Zimbabwe.

However, last month (October) the FATF, a Paris-based global money-laundering and terrorism-financing watchdog, finally removed Pakistan from its grey list after four years.

The global body’s President Raja Kumar had announced that Pakistan’s name has been removed from the “grey list” as the country addressed all 34 points of the action plan.

ALSO READ: Pakistan’s default risk surges significantly
Previous Story

India, Indonesia share rich legacies: PM Modi

Next Story

US media change tune after midterms

Latest from -Top News

India opens world’s highest rail bridge

Prime Minister Narendra Modi inaugurated the world’s highest railway bridge over the Chenab River in Jammu and Kashmir and flagged off the much-awaited Vande Bharat Express to Srinagar, marking a historic moment

Sisi, MBZ cement ties

UAE and Egypt bolster ties through high-level talks in Abu Dhabi and a landmark cardiac care initiative delivering lifesaving treatment to rural communities The United Arab Emirates and Egypt reaffirmed their strong

‘UAE leads global fight against plastic waste’

UAE accelerates its fight against plastic pollution with a bold single-use plastic ban and expanded environmental policies to safeguard natural ecosystems for future generations The United Arab Emirates continues to lead the

70,000 Gaza kids starve

WFP warned that any further escalation of conflict could paralyse relief operations altogether, deepening the plight of civilians—especially children, the elderly, and vulnerable groups As the humanitarian crisis in Gaza intensifies, the

Prayers on the Mount

The Day of Arafat, considered the pinnacle of the Hajj pilgrimage, witnessed a congregation of believers from around the world As the sun blazed overhead and temperatures climbed to a sweltering 41°C,
Go toTop

Don't Miss

Death toll from Pakistan’s Quetta blast rises to 25

After the attack, the authorities started snap-checking in various parts

Iranian Interior Minister arrives in Islamabad

Iranian Interior Minister Ahmed Vahidi arrived in Islamabad on Monday