Pakistan Out Of FATF Grey List After 4 Years; Will Dawood & Hafiz Be Handed Over To India?

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Islamabad: The Financial Action Task Force (FATF) on Friday removed Pakistan from terror-financing grey list, welcoming the country’s “significant progress in improving its AML/CFT regime”.

“Pakistan has strengthened the effectiveness of its AML/CFT (anti-money laundering and counter-terrorist financing) regime and addressed technical deficiencies to meet the commitments of its action plans regarding strategic deficiencies that the FATF identified in June 2018 and June 2021, the latter of which was completed in advance of the deadlines, encompassing 34 action items in total,” the global money-laundering watchdog said in a statement.

“Pakistan is therefore no longer subject to the FATF’s increased monitoring process. Pakistan will continue to work with APG to further improve its AML/CFT system,” the statement added.

It remains to be seen of Pakistan hands over underworld gangster Dawood Ibrahim and Hafiz Saeed, who are both wanted for masterminding multiple terror attacks in this country.

FIA director general Mohsin Butt was non-committal when asked whether the duo will be handed over to India a few days ago when he was in India to attend the Interpol General Assembly.

But the global watchdog will now be monitoring what Pakistan does, now that they are out of FATF.