Pakistan continues to be on grey list of anti-terror financial watchdog

The Financial Action Task Force (FATF) has retained Pakistan on its grey list. It means no respite for the nation as it looks for financial aid amid the pandemic.

In the virtual session in Paris, the global anti-terror financing watchdog reviewed the Asia Pacific Group’s report on Pakistan’s compliance with its prescribed action items. FATF has recommended a list of measures for Pakistan to stop money laundering and terror financing in the nation.

Earlier this month, a regional affiliate of the FATF had retained Pakistan on the Enhanced Follow-up list and asked the country to strengthen its efforts towards the action items prescribed by FATF.