Wali khan, University in Mardan, Pakistan

Islamabad, Nov 15 In recognition of the effective measures taken by Pakistan against money laundering and terror financing, the US has now officially removed the nation from its list of "High Risk Third Countries".Foreign Minister Bilawal Bhutto Zardari announced the "good news" while sharing a letter of the Foreign, Commonwealth and Development Office on Twitter, Geo News reported."Some good news. The UK has officially removed Pakistan from its list of 'High Risk Third Countries' following our early completion of FATF action plans," he tweeted."His Majesty's Treasury issued an amendment to the UK's High-Risk Third Countries' list ON November 14, 2022, through a Statuary Instrument. The amendment removes Pakistan from the list in accordance with the decision taken by the FATF on October 21, 2022," the official document read."The Foreign, Commonwealth and Development Office recognizes the progress Pakistan has made to improve money laundering and terrorist financing controls."In April 2021, the UK government added Pakistan to the list of undesirable 21 high-risk countries with unsatisfactory money laundering and terrorist financing controls, Geo News reported.This list of 21 countries, released by the UK government, replicated the list of countries named by the FATF as high-risk or under increased monitoring. Pakistan shared the list at number 15 with conflict-ridden countries such as Syria, Uganda, Yemen and Zimbabwe.However, last month (October) the FATF, a Paris-based global money-laundering and terrorism-financing watchdog, finally removed Pakistan from its grey list after four years.The global body's President Raja Kumar had announced that Pakistan's name has been removed from the "grey list" as the country addressed all 34 points of the action plan.Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Wali KhanFOLLOW

Wali khan, Latest News

Karachi, Nov 17 Pakistans default risk as measured by five-year credit-default swaps (CDS), insurance contracts that protect an ... ...

Terrorism continues to be one of Pakistan's foremost problems, said Prime Minister Shehbaz Sharif on Wednesday, as he condemned ... ...

Amid a surge in militancy in northwest Pakistan, a local militant commander, in Wana town of Khyber Pakhtunkhwa's South ... ...

Karachi, Nov 16 Terming the gossip, debate and speculation over the upcoming appointment of the chief of army ... ...

Imran Khan's Pakistan Tehreek-i-Insaf (PTI) has filed applications in Supreme Court registries across the country, seeking a judicial commission ... ...

Patna, Nov 15 Union Minister Giriraj Singh on Tuesday cited the gruesome murder of Shraddha Walker to claim ... ...

Pakistan Prime Minister Shehbaz Sharif tested positive for Covid-19, Information Minister Marriyum Aurangzeb wrote on Twitter on Tuesday. "Prime ... ...

Islamabad, Nov 15 In recognition of the effective measures taken by Pakistan against money laundering and terror financing, ... ...