With 26 countries placed in FATF’s grey list, Pakistan stands out as the most significant country owing to its geopolitical standing, nuclear capability and one of the strongest militaries in the region. FATF posited Pakistan with a 27-point agenda to combat money laundering and terror financing to avoid being blacklisted in FATF. Since being placed in FATF’s grey list, the Government of Pakistan in cooperation with Pakistan Army has been working tirelessly to undertake concrete steps in implementation of FATF’s action plan. Pakistan Army and state institutions averted terrorist attacks alongside presenting a fortified case for Pakistan’s exit from the grey list. On achieving the milestone of complying with the 27 points of FATF, Pakistan Army has played a significant role in foiling Indian attempts of blacklisting Pakistan and has endeavoured great contributions in helping Pakistan exit from FATF’s grey list.
Source: The Nation June 17, 2022 07:38 UTC