The Financial Action Task Force (FATF), a global money laundering and terrorism financing watchdog, on Friday 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 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 said.
He 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 said. “As a result of these action plans, Pakistan has made significant improvements to strengthen the effectiveness of this framework for combating terrorism financing.” Kumar said steps had also been taken to strengthen risk-based supervision of financial and non-financial institutions, improve asset confiscation outcomes, and investigate and prosecute money laundering. ..Source: forbes.com
Monday, May 4, 2026
