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Pakistan 'one step away' from exiting dirty money 'grey list': Minister

| Updated: June 18, 2022 18:46:08


FILE PHOTO: The logo of the FATF (the Financial Action Task Force) is seen during a news conference after a plenary session at the OECD Headquarters in Paris, France, October 18, 2019. REUTERS/Charles Platiau FILE PHOTO: The logo of the FATF (the Financial Action Task Force) is seen during a news conference after a plenary session at the OECD Headquarters in Paris, France, October 18, 2019. REUTERS/Charles Platiau

The Financial Action Task Force (FATF) kept Pakistan on the list on Friday but said a visit to verify progress on countering the financing of terrorism and money laundering could lead to its removal from countries under increased monitoring, reports Reuters. 

The financial crime watchdog, set up by the Group of Seven industrial powers to protect the global financial system, said Islamabad had substantially completed its two action plans, covering 34 items, as it seeks to get off the list where it has been since 2018.

"Pakistan is one step away from exiting the grey list, God willing," the minister, Hina Rabbani Khar, told a news conference in Islamabad.

The FATF said an on-site visit was warranted to verify that reforms had begun and were being sustained, as well as that the necessary political commitment remained in place.

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