Times of Islamabad

Pakistan to come out of FATF greylist after completion of 12 months usual period: Report

Pakistan to come out of FATF greylist after completion of 12 months usual period: Report

ISLAMABAD – Federal Minister for Economic Affairs, Muhammad Hammad Azharsays Pakistan has targeted to complete all items on its Financial ActionTask Force action plan to get upgraded from the grey list to the white listby next year.

The minister, in a tweet, said that a coordinated effort from allregulators, law enforcement agencies , federal and provincial governmentdepartments is already underway in this regards.

He said FATF has noted progress already achieved by Pakistan during thelast one year and especially in the last 4 months.

Earlier,the FATF meeting held last week in Paris decided to maintain statusquo on FATF Action Plan and allow the usual 12 months observation periodfor Asia/Pacific Group on Money Laundering (APG MER)