COAS lauds role of Army in completion of FATF action plans

ISLAMABAD: The Chief of Army Staff (COAS) Qamar Javed Bajwa lauds the role of the Pakistan Army in the completion of the action plans by the Financial Action Task Force (FATF) to exit the grey list in a tweet shared by military’s media wing.

“Completion of FATF AML /CFT action plans by Pak is a great achievement. A monumental effort paving way 4 whitelisting. “Core cell @ GHQ which steered the national effort & civil – military team which synergised implementation of action plan made it possible, making Pak proud.”

The tweet maintained that the completion of the action plans to pave the way for exiting the grey list is a great achievement and the Core Cell at the GHQ deserves plaudits.

As per details, the cell at the GHQ was established in 2019 on the orders of the COAS after consultation with the then government.

The cell worked hard to formulate a strategy to fulfill the requirement of FATF and developed a comprehensive mechanism between more than 30 departments, ministries and agencies.

Read more: PM commends COAS for successfully fulfilling FATF conditions

The Financial Action Task Force (FATF) on Friday announced that Pakistan has fulfilled all the conditions to get out of the grey list.

“Soon a FATF delegation will visit Pakistan. We will visit Pakistan viewing the situation of coronavirus,” said the FATF in a press release.

It said Pakistan had successfully acted upon 34 items of the FATF. However, it has not yet announced Pakistan’s removal from the grey list, despite fulfilling all the requirements.