Pak Remains On FATF's 'Grey List' Amid Deficiency In Checking Terror-Financing

Pak Remains On FATF's 'Grey List' Amid Deficiency In Checking Terror-Financing

Outlook

Pakistan continues to remain on the "Grey List" of the global body, Financial Action Task Force or the FATF against money-laundering and terror-financing. "There are "serious deficiencies" on the part of the country in checking terror-financing and it lacks an effective system to deal with it," said FATF on Thursday during its plenary in Paris

Paris-based Financial Action Task Force said, Pakistan must complete three unfulfilled tasks and once that is done, the FATF will verify and take a decision on its present status in the next plenary to be held in June.

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