Ministry of External Affairs (MEA) spokesperson Arindam Bagchi mentioned in an announcement, “As a result of the FATF investigation, Pakistan has been compelled to take certain actions against well-known terrorists, including in the attacks against the entire international community in Mumbai.” The individuals concerned are concerned. On 26/11.”
“It is in the global interest that the world is clear that Pakistan must continue to take credible, verifiable, irreversible and sustained action against terrorism and terrorist financing from territories under its control,” he mentioned.
It is in world curiosity that the world is obvious that Pakistan ought to proceed to take credible, verifiable, irreversible and sustained motion in opposition to terrorism and terrorist financing emanating from territories underneath its management: Foreign Ministry Spokesperson Arindam Bagchi pic.twitter.com/feyvbSItUa
— ANI (@ANI) 21 October 2022
India mentioned it understands that Pakistan will proceed to work with the Asia Pacific Group on Money Laundering to additional enhance its anti-money laundering and counter-terrorism financing system.
In an announcement, the FATF welcomed the numerous progress made by Pakistan in combating the Anti-Money Laundering and Financial Terrorism (AML/CFT) regime. “Pakistan is no longer subject to the enhanced monitoring process of the FATF; To continue working with APG (Asia/Pacific Group on Money Laundering) to further improve its AML/CFT (Anti-Money Laundering and Counter-Terrorist Financing) system,” it mentioned.
The world watchdog additionally mentioned that Pakistan “strengthened the effectiveness of its AML/CFT regime and addressed technical deficiencies to meet the commitments of its action plans in relation to the strategic deficiencies identified by the FATF”. This resolution will assist the nation to get overseas funds to get better from its financial situation.
With inputs from TheIndianEXPRESS
