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FATF approval: Pakistan Military performed key position

Chief of Military Workers (COAS) Normal Qamar Javed Bajwa. The Information/File

ISLAMABAD: The position of the Pakistani navy was important in successful the Monetary Motion Job Drive (FATF) approval after fulfilling the 34-point motion set by the worldwide watchdog.

On Friday, after a four-day assembly of the organisation, FATF President Marcus Pleyer welcomed the progress made by Pakistan and hinted at a change in standing if its subsequent monitoring go to is profitable.

“After loads of work by the Pakistani authorities” the nation has “largely addressed all 34 motion gadgets” in a plan agreed with the organisation, Pleyer mentioned.

“Pakistan has demonstrated that it’s now pursuing terrorist financing investigations and prosecutions towards senior leaders of UN-designated terrorist teams and pursuing cash laundering investigations and prosecutions in step with its threat profile,” he added.

In response to a report, a particular cell was established on the Normal Headquarters (GHQ) in Rawalpindi which labored day and night time to realize the herculean process of assembly the powerful goal set for the nation over the interval of 4 years to graduate from the gray listing to the white listing.

The armed forces, together with the federal government and nationwide establishments, ensured the implementation of all of the factors and thwarted India’s try and hold Pakistan on the gray listing, it added.

The military chief, in session with the federal government, established a particular cell in 2019 below the management of the director-general of navy operations to coordinate on it.

The GHQ-based cell labored tirelessly to develop an efficient technique on cash laundering and terror financing, which led to the nation’s removing from the FATF gray listing.

The report said that Pakistan accomplished its 2021 Motion Plan forward of the timelines set by the FATF, i.e. January 2023, including that over the previous 4 years, there was a decline in terrorist financing and cash laundering in Pakistan.

This success was made potential by the continual enchancment of anti-money laundering and counter-terrorism legal guidelines.

‘Completion of FATF motion plans by Pakistan nice achievement’

Appreciating the event, Chief of Military Workers (COAS) Normal Qamar Javed Bajwa Friday mentioned the completion of the FATF’s anti-money laundering and combating the financing of terrorism and proliferation (AML/CFT) motion plans by Pakistan is a good achievement.

DG ISPR Main Normal Babar Iftikhar shared the message of the Military Chief on his official Twitter deal with.

“A monumental effort paving the way in which [for] whitelisting. Core cell @ GHQ which steered the nationwide effort and civil-military workforce which synergised implementation of motion plan made it potential, making Pak proud,” the COAS mentioned.

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