By South Asia Monitor/IBNS | @justearthnews | 13 Apr 2021, 07:20 am Print
UK-Pakistan The United Kingdom government has put Pakistan on the list of 21 countries that are considered high-risk countries for money laundering and terror financing. The country still remains on the grey list of the global terror watchdog, the Financial Action Task Force (FATF). Pakistan’s Foreign Office on Monday expressed reservations on the inclusion, calling the move “devoid of facts”.
Zahid Hafeez Chaudhary, the spokesperson of the Pakistan Foreign Office, suggested the UK review its regulations in light of facts on the ground and "avoid politically motivated and misplaced measures.” He also added Pakistan has a “robust regime in place” against money laundering and terror financing.
“Pakistan has taken unprecedented measures through a series of legislative, institutional, and administrative actions in the domain of anti-money laundering and countering the financing of terrorism," he was quoted as saying by Dawn.
These actions, he said, have also been reported to Financial Action Task Force (FATF) and the European Union (EU). The efforts were widely acknowledged by the international community, he added.
Pakistan is near completion of the FATF action plan through 24 out of 27 Action Items, he said.
Earlier in February, the FATF had observed that while Islamabad had made “significant progress”, however, there remained some “serious deficiencies” in mechanisms to plug terrorism financing.
- Trump nominates career diplomat Natalie Baker as next US envoy to Pakistan. What we know about her
- Netanyahu calls Trump every day to restart Iran war despite US resistance: Report
- Trump breaks silence on Jensen Huang's alleged spy affair, reveals what Nvidia CEO told him
- 'Rahat Mitra': Indian, Myanmar forces showcase military capabilities in landmark HADR exercise
- China hits back over 'Chinese spy' claims linked to Nvidia CEO Jensen Huang
-1791127926.jpg "Image of the day: October 4, 2026")
