BEIJING: China has welcomed the decision of the Financial Action Task Force (FATF) to remove Pakistan from its ‘grey list’ on anti-money laundering and counter-terror financing regimes.
During his regular briefing, Chinese Foreign Ministry Spokesperson Wang Wenbin welcomed the decision said this shows international support and recognition of Pakistan’s endeavor in this regard.
“China welcomes the decision of the Financial Action Task Force (FATF) to remove Pakistan from its “grey list” and would like to send congratulations to Pakistan,” he said.
He remarked that this had been made possible thanks to Pakistan’s effort to firmly follow through on its political commitment and continuously improve and enhance its Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT) system over the past five years despite the difficulties.
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“This also shows international support and recognition of Pakistan’s endeavor in this regard,” he added.
He said that the Chinese side looked forward to Pakistan’s positive contributions to advancing international counter-terrorism cooperation and protecting the security of the international financial system.
It should be mentioned that the recently-concluded Plenary of the Financial Action Task Force (FATF) in October declared in an open statement the removal of Pakistan from its “grey list”.
FATF President Raja Kumar informed that the task force conducted an onsite visit at the end of August before deciding to remove Pakistan from the list.
