Pakistan has achieved a compliant rating in 31 out of 40 Financial Action Task Force (FATF) recommendations, according to the mutual evaluation report (MER) on technical compliance.
This was announced by Minister for Energy Hammad Azhar in a series of tweets on Friday. He explained: “This is the parallel scrutiny being undertaken at FATF, besides the government’s current action plan.
He said that upgrading 20 criteria in less than two years is unprecedented in the FATF history for any country, and Pakistan is the first country to ensure compliance with 31 recommendations. “This outcome is a result of major legal reforms (14 federal + 3 provincial laws with corresponding regulations). It is also due to the untiring efforts of the entire FATF team (20 ministries plus organisations),” he added.