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Pakistan hopeful of coming out of FATF grey list

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Shah Mehmood Qureshi. (File Photo: IANS) by .
Shah Mehmood Qureshi. (File Photo: IANS)

Speaking in Multan on Friday, Qureshi said that in the recent FATF meeting in Beijing, “Pakistan presented its point of view. We presented all of the practical steps we have taken in the past 10 months in front of the member nations”…reports Asian Lite News

Paris: Day 1 of the Financial Action Task Force (FATF) Plenary meeting underway in Paris on Feb 21, 2018. Delegates are working through a full agenda that includes terrorist financing. (Photo: Twitter/@FATFNews) by .
Day 1 of the Financial Action Task Force (FATF) Plenary meeting (Photo: Twitter/@FATFNews)

Pakistan Foreign Minister Shah Mehmood Qureshi said that the country “should, in principle, be taken off the grey list” as it has made considerable progress on the requirements of the Financial Action Task Force (FATF).

In February, Pakistan is looking to get off FATF’s grey list, on which it was placed in 2018 after the body decided that the country had failed to take enough measures to curb money laundering and terror financing, media report said.

The grey list financially penalized Pakistan at a time when it was already facing economic crisis.

In October 2019, the FATF had reviewed the measures that Islamabad had already taken to control money laundering and terror financing.

WASHINGTON D.C., July 23, 2019 (Xinhua) -- U.S. President Donald Trump (L) welcomes Pakistani Prime Minister Imran Khan at the White House in Washington D.C. July 22, 2019. (Photo by Ting Shen/Xinhua/IANS) by Liu Jie.
U.S. President Donald Trump (L)with Pakistani Prime Minister Imran Khan at the White House in Washington D.C. (Photo by Ting Shen/Xinhua/IANS)

However, the meeting had observed that Pakistan would have to take further steps in this direction and decided to hold a review of its decision in February this year.

Speaking in Multan on Friday, Qureshi said that in the recent FATF meeting in Beijing, “Pakistan presented its point of view. We presented all of the practical steps we have taken in the past 10 months in front of the member nations”.

“And I am delighted to say that everyone appreciated our efforts and said that the progress made in the past 10 months is more than the progress made in the last 10 years,” the Minister added.

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