Recently, Pakistan was taken off the grey list of the Financial Action Task Force (FATF). Four years ago, Pakistan was placed on the “grey list” and penalised with severe financial strictures by the FATF.
About FATF Grey List: FATF maintains a grey list of countries that it watches closely. In essence, these are countries that have, in the assessment of the FATF, failed to prevent international money laundering and terrorist financing, and are, therefore, on a global watchlist for bad behaviour.
