An international watchdog said Friday it is removing Pakistan from its so-called “gray list” of countries that do not take full measures to combat money laundering and terrorism financing, a move that was quickly welcomed by the country’s prime minister and other government officials.
The announcement was made by Raja Kumar, the president of the Financial Action Task Force, at a news conference in Paris. The FATF welcomed “Pakistan’s significant progress in improving" its anti-money laundering and counter-terrorism financing policies.
