Pakistan is hoping to be removed from the Financial Action Task Force’s (FATF) grey list soon after it improved its foreign and internal policies.
The country’s defence minister Pervez Khattak said the government was working to improve the financial ecosystem, with a focus on reducing inflation, unemployment and poverty, according to a report from Urdu Point.
FATF’s grey list is comprised of countries which have deficiencies in their anti-money laundering or counter terrorism financing procedures. The task force recently added seven more countries to its list: Albania, Barbados, Jamaica, Mauritius, Myanmar, Nicaragua and Uganda.
The other countries on the high-risk jurisdictions list are Panama, Bahamas, Iceland, Syria, Yemen, Mongolia, Cambodia, Ghana, Zimbabwe and Botswana. There are currently only two countries on the black list, North Korea and Iran.
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