ISLAMABAD: In recognition of the effective measures taken by Pakistan against money laundering and terror financing, the United Kingdom has officially removed the country from its list of “High Risk Third Countries” on Monday.
Foreign Minister Bilawal Bhutto Zardari announced the “good news” while sharing a letter of the Foreign, Commonwealth and Development Office on his twitter handle.
“Some good news. The United Kingdom has officially removed Pakistan from its list of ‘High Risk Third Countries’ following our early completion of FATF action plans,” tweeted Bilawal.
Some good news. The United Kingdom has officially removed Pakistan from its list of ‘High Risk Third Countries’ following our early completion of FATF action plans. ???????? ???? ???????? pic.twitter.com/clcGHy5771
— BilawalBhuttoZardari (@BBhuttoZardari) November 14, 2022
It may be recalled that the Financial Action Task Force (FATF), a global money laundering and terrorism financing watchdog had last months removed Pakistan from a list of countries under “increased monitoring”, also known as the “grey list”.
Addressing the press conference at the conclusion of its plenary, FATF President Raja Kumar had noted that Pakistan had been on the grey list since 2018.
“It has two concurrent action plans. After a lot of work by Pakistani authorities, they have largely addressed all of the action plan items,” he had said.
He had stated that the task force had conducted an onsite visit at the end of August. The onsite team verified that there is a high-level of commitment from the Pakistani leadership, sustainability of reforms and commitment to make improvements in the future, he had said.
