Which organization put Pakistan in GREY list?

the Financial Action Task Force (FATF)
The story so far: In June 2018, the Financial Action Task Force (FATF) placed Pakistan on the ‘grey list’ of jurisdictions under increased monitoring.

When did Pakistan put on GREY list?

The FATF had placed Pakistan on the grey list in June 2018, urging Islamabad to implement a 27-point action plan to curb money laundering and terror financing by the end of 2019.

Why Pakistan is still in GREY list of FATF?

Pakistan was retained on the FATF ‘grey list’ for failing to effectively implement the global FATF standards and over its lack of progress on investigation and prosecution of senior leaders and commanders of UN-designated terror groups.

What is FATF GREY list Upsc?

Countries that are considered safe haven for supporting terror funding and money laundering are put in the FATF grey list. This inclusion serves as a warning to the country that it may enter the blacklist.

What does FATF mean?

Financial Action Task Force
The Financial Action Task Force (FATF) is the global money laundering and terrorist financing watchdog. The inter-governmental body sets international standards that aim to prevent these illegal activities and the harm they cause to society.

What is the full form FATF?

The Financial Action Task Force (FATF) is an inter-governmental policymaking body whose purpose is to establish international standards, and to develop and promote policies, both at national and international levels, to combat money laundering and the financing of terrorism.

Which countries are in black list of FATF?

As of 21 February 2020, only two countries were on the FATF blacklist: North Korea and Iran….High-risk and non-cooperative countries, not committed to an action plan:

• Bolivia.
• Cuba.
• Ethiopia.
• Ghana.
• Indonesia.
• Kenya.
• Myanmar.
• Nigeria.

When will Pakistan exit FATF’s ‘grey list’?

Pakistan is unlikely to exit the Financial Action Task Force’s (FATF’s) ‘grey list’ until June, despite the country trying to seek backing from the member nations before the plenary meeting of the global terror financing and money laundering watchdog scheduled for next week, stated media report on Wednesday.

What does FATF say about Pakistan’s political commitment?

“FATF has acknowledged Pakistan’s high-level political commitment since 2018 that led to significant progress.

Will China’s support bring Pakistan off grey list?

Arguably, for the upcoming meeting, Pakistan has done enough to get off the grey list and it can bank on China’s support to ensure that.

What is FATF plenary and working group meeting in Paris?

The FATF’s Plenary and Working Group meetings will be taking place from February 21 to February 26 in Paris, where the decision of Pakistan’s position will also be determined. Pakistan was placed in FATF’s ‘grey’ list in June 2018 and since then has been unsuccessful in implementing 27 action points essential for its re-designation.