Financial Action Task Force’s (FATF) Asia Pacific Group (APG) on Money Laundering has recognised Pakistan’s efforts to implement its recommendations in true letter and spirit.

It may also pave way for Pakistan to get out of the FATF’s grey list in near future.

Asia Pacific Group (APG) on Money Laundering has published results of Pakistan’s second Mutual Evaluation follow-up Report. As per the report, Pakistan has achieved a compliant/largely compliant rating in 31 out of 40 FATF Recommendations in Technical Compliance.

The report said these results prove the sincerity along with the resolve of the Government in complying with FATF requirements.

“These results are also a manifestation of the irreversibility and sustainability of the complete process in bringing Pakistan at par with Global AML/CFT standards. These results are a manifestation of a whole of government approach adopted to achieve the same.”

An upgrade of 21 Recommendations within this short period of time remains unprecedented in FATF history.