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Ending the speculations, Financial Action Task Force (FATF) on 21 October excluded Pakistan from the grey list of the global watchdog on terror financing and money laundering after four years.
“Pakistan is no longer subject to FATF’s increased monitoring process; to continue to work with APG (Asia/Pacific Group on Money Laundering) to further improve its AML/CFT (anti-money laundering & counter-terrorist financing) system,” states FATF.
Pakistan was put in the inglorious list in 2018 for its failure to check risk of money laundering, leading to corruption and terror financing.
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