DUBAI: Minister of Finance and Revenue, Shaukat Tarin on Saturday said that Financial Action Task Force’s (FATF) decision to retain Pakistan on grey list is “politically motivated”, as reported by Khaleej Times.
In an interview with the Middle East publication, Tarin said, “FATF’s decision was taken under the influence of some powerful nations to pressurise Pakistan over its strategic policy decisions.”
He, however, reiterated that Pakistan will exit FATF’s grey list this year as the country has achieved almost all targets set by the task force.
FATF meetings’ outcome shows Pak achievements on AML-CFT targets
The minister said: “FATF has no merit to retain country’s status as it had made significant progress to meet its tough conditions.”
He added that Pakistan has completed 26 conditions out of 27 of the action plan shared by the body.
Earlier, Energy Minister Hammad Azhar said Pakistan’s completion of FATF technical parameters shall be acknowledged soon, “despite challenges.”
Taking to his official Twitter handle, the minister wrote: “Pakistan is now just [two] items away from completing both its FATF action plans.”
Sharing details, Azhar said that for the money laundering (ML) action plan, six out of seven items were addressed within an unprecented timeframe.
Meanwhile, for the Terror-Financing (TF) action plan, 26 out of 27 items were addressed. “A number of countries believe that we have already completed this plan,” he wrote.
FATF: Pakistan’s name to be in the Gray List
“Our fight against ML and TF continues with unwavering national resolve. We wage war on these activities not just for global compliances but first and foremost for our own sake,” he added.
It maybe recalled that on Friday, Paris-based global watchdog for money laundering and terrorist financing announced that it is restraining Pakistan on the grey list while noting that “significant progress” has been made in completing the required action items for removal from the list.
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