FM welcomes FATF’s unanimous acknowledgment

ISLAMABAD: Foreign Minister Bilawal Bhutto Zardari on Sunday welcomed the Financial Action Task Force’s (FATF) unanimous acknowledgment of completion of action plans.

“Pakistan is committed to continue this positive trajectory of reforming the financial sector as part of its larger strategic objective of strengthening the economy.”

In statement issued by the Foreign Office spokesperson, Bilawal said that FATF plenary’s announcement regarding an on-site visit to Pakistan was a welcome development.

It also reflected the remarkable progress made by Pakistan to enhance the effectiveness of its AML/CFT regime, he added.

“I am certain that this good news from FATF will restore world’s confidence in Pakistan’s economy and act as a catalyst for sustained growth and development”, the FM pointed out, reiterating that the Government of Pakistan’s high level commitment to continue aligning its AML/CFT regime with global standards.

He said that they looked forward to the on-site visit and a successful and early culmination of the process leading to Pakistan’s exit from the grey list.

Foreign Minister Bilawal also commended the hard work and dedicated efforts of Pakistan’s FATF team that led to the successful completion of all technical requirements of both FATF Action Plans of 2018 and 2021.

This was the result of concerted national efforts and complete harmony of interests by all stakeholders, he observed.

 

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