The Financial Action Task Force (FATF), on October 23, 2020 voted to keep Pakistan on a grey list.
- As per the FATF, the Imran Khan led government’ failed to fully comply with a 27-point action plan handed to it.
- The FATF strongly urged Pakistan to swiftly complete its full action plan by February 2021.
- At the 38-member Plenary, even China, Malaysia and Saudi Arabia didn’t support Pakistan’s progress view.
- The FATF is the world’s top anti-terrorism monitoring group.
- The “grey list” comprises countries whose controls over terrorism financing are deemed inadequate.
- The FATF “greylist” refers to countries that are “monitored jurisdictions”, while the “blacklist” refers to those facing a “call to action” or severe banking strictures, sanctions and difficulties in accessing loans.
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