Pakistan expose India's conspiracy after becoming FATF

‘Pakistan expose India’s conspiracy after becoming FATF’

Pakistan leader Tehreek-e-Insaf (PTI) Hammad Azhar said on Friday that Pakistan should uncover India’s conspiracy after becoming a member of the Financial Action Task Force (FATF), ARY News reported.

 

Speaking to ARY News, Hammad Azhar said that India is using the FATF platform with Pakistan. Pakistan expose India’s conspiracy after becoming FATF

 

Azhar, who previously represented Pakistan at the PTI intergovernmental FATF meeting, congratulated the nation after the country left the gray list.

 

He credits the government led by Imran Khan as the previous government paved the way for the country to leave the FATF gray list.

 

He criticized the Pakistan Democratic Movement Party (PDM) for creating obstacles to legislation related to the FATF Action Plan and seeking an NRO.

 

“Pakistan should apply for FATF membership to expose India’s conspiracy. India is using the FATF platform with Pakistan, it is the right time for Pakistan to become a member of the FATF and check Indian regulations,” Azhar said.

 

Pakistan leaves FATF gray list after four years

 

the Financial Operations Unit (FATF) has announced the removal of Pakistan from the gray list. He praised the country’s efforts to combat money laundering and anti-terrorism financing.

 

The Task Force on Finance has decided by consensus that Pakistan has implemented all the key technical and procedural requirements of the 2018 and 2021 Action Plan. As a result, Pakistan was removed from the list of jurisdictions under review at increase with immediate effect.

 

The decision was made during the FATF Plenary conference held in Paris. France From 20-21 October 2022, Minister of Foreign Affairs/Chairman of the FATF National Coordinating Committee, Hina Rabbani Khar, led the Pakistani delegation to the FATF Plenary.

 

Pakistan has made great strides in the anti-money laundering and counter-terrorism financing (AML/CFT) domains throughout the implementation of the requirements of both plans.

 

Despite the many challenges including the COVID-19 pandemic Pakistan continues to pursue a reform trajectory and maintain a high level of political commitment to align its domestic AML/CFT regime with international best practice.

 

Achieving the FATF is the effort of people across the country, ministries, agencies and agencies. both at the central government and the provincial level contributing to the achievement of this national objective.

 

Participation with the FATF has led to strategic developments in Pakistani laws and procedures, making the AML/CFT regime in the country more flexible to deal with current and future challenges.

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