FATF On-Site Visit Done, ‘Logical Conclusion’ Expected: FO

On-Site Visit

Financial Action Task Force’s Technical Team

Pakistan expressed hope on Wednesday that the Financial Action Task Force’s (FATF) technical team’s recent “smooth and successful” on-site visit would result in a “logical conclusion” — its removal from the “grey list” next month. 

From August 29 to September 2, a 15-member joint team from the FATF and its affiliate Asia Pacific Group visited Pakistan in person to assess the nation’s adherence to a 34-point action plan it pledged to when it was added to the list in June 2018. 

The delegation’s tour to the entire nation was kept quiet by the authorities for two weeks, but on Wednesday they said that “it was a smooth and successful visit” from Pakistan’s point of view. The foreign ministry’s statement said that the FATF team had extensive conversations with Pakistani agencies. 

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Pakistan’s High-Level Commitment to Sustainability

In a statement, the Foreign Office stated that the conversations took place in “a constructive and friendly mood” and that the goal of the visit was to confirm Pakistan’s high-level commitment to and sustainability of reforms in the AML/CFT regime. 

It stated that Pakistan was looking forward to a “logical conclusion” and that the FATF team’s report will be considered in FATF’s ICRG (Inter­national Cooperation Review Group) and plenary sessions, planned to be held from Oct. 18 to 22 in Paris. 

It claimed that by putting two extensive action plans into place, the nation had achieved a “high degree of technical conformity” with FATF requirements and ensured a “high level of efficacy.”

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