Context: Pakistan is unlikely to exit the Financial Action Task Force’s (FATF) ‘grey’ list until June, despite its efforts to garner support from the member nations ahead of the plenary meeting of the global terror financing and money laundering watchdog next week.

About FATF:

• The Financial Action Task Force is an intergovernmental organisation founded in 1989 on the initiative of the G7 to develop policies to combat money laundering.
• In 2001, its mandate was expanded to include terrorism financing.
• The objectives of FATF are to set standards and promote effective implementation of legal, regulatory and operational measures for combating money laundering, terrorist financing and other related threats to the integrity of the international financial system.
• FATF is a "policy-making body" that works to generate the necessary political will to bring about national legislative and regulatory reforms in these areas.
• FATF has maintained the FATF blacklist (formally called the "Call for action") and the FATF greylist (formally called the "Other monitored jurisdictions").

https://www.thehindu.com/todays-paper/tp-international/pak-to-remain-in-fatf-grey-list-until-june/article33866208.ece

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