National Assembly told Pakistan has addressed 26 out of 27 action items of FATF

Aug 3, 2021:  The National Assembly was informed on Monday that Pakistan has fulfilled all conditions set by the authorities concerned in order to exit the Financial Action Task Force’s (FATF) grey list.

The National Assembly resumed its session with Speaker Asad Qaiser in the chair. The Minister of State for Parliamentary Affairs Ali Muhammad Khan informed the house, while responding to a question by a lawmaker in question hour, that the country has largely addressed 26 out of 27 action items provided by FATF.

The National Assembly could not function on Monday due to lack of quorum and the session was adjourned till Tuesday. Except for the question hour, nothing on the agenda can be discussed.

The opposition members present in the National Assembly protested the absence of Finance Minister Shaukat Tareen, who was to brief lawmakers on issues related to the FATF and IMF.

During the question hour of the National Assembly, Minister of State for Parliamentary Affairs Ali Muhammad Khan said that Pakistan had completed 26 out of 27 points for delisting from the FATF gray list.

Khan said that the country has undertaken enormous efforts to strengthen its anti-money laundering policies, combating the Financing of Terrorism regime, and addressed the strategic counter-terrorist financing related deficiencies.

“All the ten action items pertaining to the financial sector and border controls have been addressed,” he informed the aeembly.

The Minister of State informed that action items related to UN designated persons have been partially addressed and Pakistan is dealing with this matter as per its own laws.

Citing Foreign Minister Shah Mehmood Qureshi, Khan told the National assembly that placing Pakistan on the global money laundering watch list was a political issue, not a technical issue. The Minister of State said that in the previous PML-N era, only one point out of 28 FATF could have been implemented.

National assembly PPP member, Naveed Qamar commented that the same situation continues today and asked when Pakistan will be removed from the FATF gray list.

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