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

AU Backs New UN Libya Roadmap

The Roadmap seeks to resolve the Libyan crisis through a political process centred on institutional unification…reports Asian Lite News The Chairperson of the African Union Commission (AUC), H.E. Mahmoud Ali Youssouf, has

Sudan Feels Impact of GERD

The GERD project remains a point of contention among Nile Basin countries….reports Asian Lite News Water levels in Sudan’s Blue Nile have fallen to record lows following Ethiopia’s announcement that it has

UNESCO sounds alarm on teacher gap

Amina Mohammed proposed a five-point plan to strengthen the profession through greater investment, gender equality, support for digital learning…reports Asian Lite News At the UNESCO World Summit on Teachers in Santiago, Chile,

Modi Ends China Trip, US Hails India Ties

US termed India-US ties as a “defining relationship of the 21st century”, stating that partnership between both countries continues to reach new heights….reports Asian Lite News Shortly after videos and images of
Go toTop

Don't Miss

India Stuns Pakistan, Retains Junior Title 

India has now won this tournament for a record five

SEASON 2: Good Terrorists Vs Bad Terrorists. Sponsored by ISI. LOCATION- Afghanistan

Pakistan’s ISI is coordinating the joint efforts of the Taliban,