Report Published by Financial Action Task Force (FATF) on 25 June 2020. FATF Decided to Pakistan Still on FATF grey list one more time. The decision was held under the Chinese Presidency of FATF is Xiang Liu. Financial Action Task Force had expressed serious concerns over Pakistan’s failure to finish its 27 points action plan in line with the agreed timelines, which led to September last year.
Pakistan had continue funding to Terrorist group active in Pakistan. Watchdog Financial Action Task Force warned to pakistan about funding.
Rising Terrorist attack in Jammu & kashmir it is a big challenge for india to stand against Terrorist funding and India also trying to Pakistan in Financial Action Task Force from Grey list to Black list.
The Financial Action Task Force (FATF), also known by its French name, Groupe d’action financière, is an intergovernmental organization founded in 1989 on the initiative of the G7 (Group of 7 countries) to develop policies to combat money laundering & terrorist financing.
- The Headquarters of inancial Action Task Force is in Paris, Capital of France.
- FATF was founded in July 1989.
Pakistan Still on FATF Grey List