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Home Business

US says ‘recognizes, supports’ Pakistan’s efforts to meet FATF requirements

by Web Desk
July 20, 2021
in Business, Economy
Reading Time: 1 min read
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FATF
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The US has said it recognises and supports Pakistan’s continued efforts to meet the Financial Action Task Force’s (FATF) requirements and acknowledges that the latter has made “significant progress” on the international watchdog’s original action plan agreed in June 2018.

US State Department spokesperson Ned Price made these remarks during a press briefing on Monday while answering a question about Foreign Minister Shah Mahmood accusing India of politicizing the FATF to ensure that Pakistan remained on the watchdog’s increased monitoring list, also known as the grey list.

“Well, you’re referring to Pakistan’s obligations under the Financial Action Task Force, and we do recognise, and we support Pakistan’s continued efforts to satisfy those obligations. Pakistan has made significant progress on its first action plan with 26 of 27 action items largely addressed,” said Price.

He added that the US would “encourage Pakistan to continue working with the FATF and the international community to swiftly complete the remaining action item[s] by demonstrating that terrorism financing, investigations, and prosecutions target senior leaders and commanders of UN-designated groups.”

Tags: FATFFinancial Action Task ForceUS
Web Desk

Web Desk

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