{"id":106521,"date":"2022-10-23T10:56:51","date_gmt":"2022-10-23T05:56:51","guid":{"rendered":"https:\/\/tns.world\/?p=106521"},"modified":"2022-10-23T10:56:51","modified_gmt":"2022-10-23T05:56:51","slug":"us-encourages-pakistan-to-continue-anti-money-laundering-efforts","status":"publish","type":"post","link":"https:\/\/tns.world\/?p=106521","title":{"rendered":"US ENCOURAGES PAKISTAN TO CONTINUE ANTI-MONEY LAUNDERING EFFORTS"},"content":{"rendered":"<p>US encourages Pakistan to continue anti-money laundering efforts. The United States hailed the decision of the\u00a0<a href=\"https:\/\/www.fatf-gafi.org\/\">Financial Action Task<\/a><\/p>\n<p>The Paris-based global anti-dirty money watchdog met in the two-day plenary session on October 20 and 21. The world\u2019s money laundering and terror-financing watchdog said that Pakistan has been removed from the grey list and is no longer subject to its increased monitoring process.<\/p>\n<p>To recall, Pakistan was placed on FATF\u2019s grey list in June 2018 whereby it was found non-compliant with recommendations of the FATF which targeted areas of risk assessment, national cooperation, targeted sanctions, preventive measures, due diligence, internal and third-party controls, law enforcement, regulation and supervision for money laundering and terror financing, among others.<\/p>\n<p>After constant efforts in 2022, the FATF Plenary in June, under the German Presidency of Dr Marcus Pleyer, acknowledged the progress Pakistan made against money laundering and terrorist financing (AML\/CFT) with all 34 action points implemented.<\/p>\n<p>Through various bills and amendments, the Pakistani authorities diligently worked to satisfy the FATF.<\/p>\n<p>These related to laws against money laundering, freezing of assets and filing of cases against proscribed organisations, actions against terror financing etc.<\/p>\n<p>However, the final decision to take Pakistan off the grey list was conditional upon a successful on-site visit of the FATF team.<\/p>\n<p>The FATF team conducted an on-site visit to Pakistan a few weeks back, with the purpose of inspecting the legal, regulatory, and operational reforms and procedures implemented for compliance.<\/p>\n<p><a href=\"https:\/\/www.fatf-gafi.org\/\">Force<\/a>\u00a0(FATF) to remove Pakistan from the grey list.<\/p>\n<p>The US acknowledges the efforts and progress of Pakistan, the State Department said in a statement issued on Friday.<\/p>\n<p>The US State Department said that Pakistan has met the FATF targets by addressing its \u201cstrategic deficiencies.\u201d Due to these efforts, Pakistan came off the FATF\u2019s grey list, it said.<\/p>\n<p>The US State Department said that the US encouraged Pakistan to continue its anti-money laundering and counterterrorism efforts.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>US encourages Pakistan to continue anti-money laundering efforts. The United States hailed the decision of the\u00a0Financial Action Task The Paris-based global anti-dirty money watchdog met in the two-day plenary session on October 20 and 21. The world\u2019s money laundering and terror-financing watchdog said that Pakistan has been removed from the grey list and is no [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":106522,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19,23],"tags":[],"class_list":["post-106521","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-world","category-national"],"_links":{"self":[{"href":"https:\/\/tns.world\/index.php?rest_route=\/wp\/v2\/posts\/106521","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tns.world\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tns.world\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tns.world\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/tns.world\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=106521"}],"version-history":[{"count":1,"href":"https:\/\/tns.world\/index.php?rest_route=\/wp\/v2\/posts\/106521\/revisions"}],"predecessor-version":[{"id":106523,"href":"https:\/\/tns.world\/index.php?rest_route=\/wp\/v2\/posts\/106521\/revisions\/106523"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tns.world\/index.php?rest_route=\/wp\/v2\/media\/106522"}],"wp:attachment":[{"href":"https:\/\/tns.world\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=106521"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tns.world\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=106521"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tns.world\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=106521"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}