#PakistanMovingForward
Pakistan has managed to upgrade 20 criteria of #FATF within 2 years making it 31/40. This has never been observed in the history of #FATF. This is the result of the strict policies set by @ImranKhanPTI to tackle money laundering and terrorist funding.++
++The #FATF meeting in June, 2021 will hopefully deem beneficial for Pakistan and we will make our way out of the grey list iA. Our progress is exemplary and our policies have a huge role to play in them. #PakistanMovingForward.
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The legal reforms which led to this amazing result include 14 federal and 3 provincial laws and regulations. This is also the result of the untiring efforts of the #FATF team. Kudos to them! #PakistanMovingForward
It can't be predicted how the #FATF progression is going to affect the #PSX or emerging markets yet, but hopefully it will lead to the renewed interest of foreign investors in their motherland. Surely, the emerging geopolitical situation will be helpful for #Pakistan.
@FATFNews
We now know that Pakistan has acquired the rating of compliant and largely compliant in 31/40 #FATF recommendations. However, what's pulling Pakistan back is the insufficient progress in r. 37 and r. 38 which have been re-rated to non-compliant.
These recommendations include restrictions on Mutual Legal Assistance (MLA) and the Freezing and Confiscation of assets. It is no secret that this is the result of the illegal off-shore investments by the previous PMLN Govt and their corruption.
Now, PM @ImranKhanPTI's constant vigilant actions have brought us to a point where we can proudly say that we are largely compliant on 31/40 FATF recommendations. The Pakistan's FATF economic team has worked very hard to get us where we are today.