India

On Pakistan’s removal from FATF’s Grey List, India said, ‘Credible action against terrorism should continue’

Hours after the Financial Action Task Force (FATF) announced its decision to remove Pakistan from its “grey list”, India responded by saying the country should continue to take credible action against terrorism.

Ministry of External Affairs (MEA) spokesperson Arindam Bagchi said in a statement, “As a result of the FATF investigation, Pakistan has been compelled to take certain actions against well-known terrorists, including in the attacks against the entire international community in Mumbai.” The people involved are involved On 26/11.”

“It is in the global interest that the world is clear that Pakistan must continue to take credible, verifiable, irreversible and sustained action against terrorism and terrorist financing from territories under its control,” he said.

India said it understands that Pakistan will continue to work with the Asia Pacific Group on Money Laundering to improve its anti-money laundering and counter-terrorism financing system.

In a statement, the FATF welcomed Pakistan’s significant progress in improving its Anti-Money Laundering and Combating Financial Terrorism (AML/CFT) regime. “Pakistan is no longer subject to the enhanced monitoring process of the FATF; To continue working with APG (Asia/Pacific Group on Money Laundering) to improve further its AML/CFT (Anti-Money Laundering and Counter-Terrorist Financing) system,” it said.

The global watchdog also said that Pakistan “strengthened the effectiveness of its AML/CFT regime and addressed technical deficiencies to meet the commitments of its action plans concerning the strategic deficiencies identified by the FATF”. This decision will help the country to get foreign funds to recover from its economic condition.

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