This effort has been recognised by FATF; the regional body of FATF, in its follow-up report published on Thursday, stated that Pakistan was now in the top tier of countries that have achieved a rating of compliant/largely compliant. Pakistan has been ranked largely compliant in all the big six recommendations of FATF, which are difficult to implement. Compared to other G20 countries, Pakistan ranked only lower than the UK, Italy and Saudi Arabia. Only a few formalities are left for Pakistan to become fully compliant—we could not have done more to appease FATF. The only conclusion behind this retaining is the play of politics in FATF and international bodies.

Source: The Nation August 15, 2021 02:01 UTC