FBR ‘played key role’ in getting Pakistan off FATF’s grey list

The Federal Board of Revenue (FBR) on Saturday shared details of eight major actions implemented in the last four years that led the country out of the international watchdog’s so-called grey list. Meanwhile, Hammad Azhar, former PTI minister and head of the Pakistan team dealing with the Paris-based Financial Action Task Force (FATF), also spoke at length in interactions with the media regarding reforms that the PTI government implemented in the last four years. The last compliance report on 34 items was submitted to the FATF Secretariat on April 7. The FBR deals only with eight action plans. After exiting the grey list, Mr Azhar said that Pakistan could now apply for FATF membership. Currently, there are 39 members of the international watchdog who are in core positions to counter money laundering and terror financing.