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An international watchdog said Friday it is removing Pakistan from its so-called "grey 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.
This is the first FATF meeting under the chairmanship of taskforce's new President Raja Kumar.
Pakistan Prime Minister Shehbaz Sharif rejoiced over the Financial Action Task Force's (FATF) exclusion of Islamabad from its grey list after four long years, the group which combat money laundering and terrorist financing.
The Financial Action Task Force, global watchdog on terror financing and money laundering, on Friday allowed Pakistan to exit its grey list against the backdrop of its warming relations with the West while Russia was banned from all deliberations of the body.
FATF unanimously decides to remove Pakistan from “list of jurisdictions under increased monitoring”; country has been whitelisted