FATF’s acknowledgement results of nationwide efforts: FM Bilawal

International Minister Bilawal Bhutto Zardari. Photograph: Twitter/@WaqarMd00/file

ISLAMABAD: International Minister Bilawal Bhutto Zardari on Sunday stated that the Monetary Motion Activity Power’s (FATF) unanimous acknowledgement of the completion of motion plans was the results of concerted nationwide efforts and full concord of pursuits by all stakeholders.

Welcoming the FATF’s announcement, FM Bilawal reaffirmed that the federal government of Pakistan was dedicated to proceed this optimistic trajectory of reforming the monetary sector as a part of its bigger strategic goal of strengthening the financial system, learn a press release issued by the International Workplace.

He stated that announcement by the FATF plenary of granting an on-site go to to Pakistan was a welcome growth.

It additionally mirrored the exceptional progress made by Pakistan to reinforce the effectiveness of its anti-money laundering/combating the financing of terrorism (AML/CFT) regime, he added.

“I’m sure that this excellent news from FATF will restore confidence in Pakistan’s financial system and act as a catalyst for sustained progress and growth. Let me reiterate the Authorities of Pakistan’s excessive stage dedication to proceed aligning our AML/CFT regime with international requirements,” the international minister stated.

He stated that Pakistan appears ahead to the on-site go to and a profitable and early fruits of the method resulting in the nation’s exit from the gray record.

International minister Bilawal additionally counseled the laborious work and devoted efforts of Pakistan’s FATF crew that led to the profitable completion of all technical necessities of each FATF Motion Plans of 2018 and 2021.

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