Pakistan retained on FATF’s ‘greylist’ again

  • IASbaba
  • October 22, 2021
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Pakistan retained on FATF’s ‘greylist’ again

Part of: Prelims and GS-II – International Relations  

Context  The Financial Action Task Force (FATF) on Thursday retained Pakistan in the ‘greylist’ yet again.

  • FATF observed that Pakistan needed to further demonstrate that investigations and prosecutions were being pursued against the senior leadership of UN-designated terror groups, which include the Lashkar-e-Taiba, Jaish-e-Mohammed, al-Qaeda and the Taliban.

What is Financial Action Task Force (FATF)?

  • The FATF is an inter-governmental body set up in 1989. 
  • Objective: To combat money laundering, terror financing and other related threats to the international financial system.
  • Currently, it has 39 members.
  • Pakistan has been on the grey list since June 2018.

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