The MEA Spokesperson was responding to media queries after Pakistan's exit from FATF’s grey list

As the Financial Action Task Force (FATF) decided to remove Pakistan from its "grey list," India reacted by stating that Pakistan must continue to take serious, verifiable, irreversible, and sustained action against terrorism and terror financing coming from its controlled regions.

"We have seen reports relating to Pakistan in the context of the Financial Action Task Force (FATF) plenary in Paris. We understand that Pakistan will continue to work with the Asia Pacific Group on Money Laundering (APG) to further improve its Anti Money Laundering (AML) /Counter Terror Financing (CFT) system," MEA Spokesperson Arindam Bagchi said on Saturday in response to media queries.

He also lauded the FATF, noting that Pakistan was forced to take action because of them.

Bagchi said, "As a result of FATF scrutiny, Pakistan has been forced to take some action against well-known terrorists, including those involved in attacks against the entire international community in Mumbai on 26/11."

At the same time, he pointed out that "It is in global interest that the world remains clear that Pakistan must continue to take credible, verifiable, irreversible and sustained action against terrorism and terrorist financing emanating from territories under its control".

In its official statement, FATF had said, "Pakistan is no longer subject to FATF’s increased monitoring process; to continue to work with APG (Asia/Pacific Group on Money Laundering) to further improve its AML/CFT (anti-money laundering & counter-terrorist financing) system."

In addition, the international watchdog said that Pakistan improved the effectiveness of its AML/CFT regime and rectified technical flaws to satisfy commitments in its action plans on strategic weaknesses that FATF highlighted. The decision will allow the nation to obtain foreign capital to improve its financial status.