‘Nice achievement’, COAS says on FATF announcement

Chief of Military Workers (COAS) Basic Qamar Javed Bajwa. — AFP/File

RAWALPINDI: Chief of Military Workers (COAS) Basic Qamar Javed Bajwa Friday termed the Monetary Motion Activity Pressure’s (FATF) announcement as a “nice achievement” for Pakistan.

The anti-money laundering watchdog introduced that Pakistan has “considerably accomplished its two motion plans” and can be faraway from the gray record after it passes the on-site go to.

“Completion of FATF AML/CFT (anti-money laundering/combating the financing of terrorism) motion plans by Pakistan is a superb achievement,” the Inter-Providers Public Relations (ISPR) mentioned in an announcement, quoting the military chief.

The COAS mentioned it was a “monumental effort” that paved method for the nation’s “whitelisting”.

The military chief mentioned the core cell on the Basic Headquarters (GHQ) steered the nationwide effort of the civil-military workforce that synergised the implementation of the motion plan.

Though Pakistan has not been formally faraway from the FATF’s gray record, it might be taken off it as soon as the watchdog visits Pakistan.

“The FATF will proceed to observe the COVID-19 state of affairs and conduct an on-site go to on the earliest potential date,” the watchdog mentioned after its four-day plenary session concluded in Berlin.

The watchdog’s assertion acknowledged that the mandatory political dedication stays in place to maintain implementation and enchancment sooner or later.

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