Pakistan is off FATFs grey list

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The Financial Action Task Force (FATF) is commonly referred to as the worlds terrorism financing watchdog, which means it is the author and

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custodian of an international regime that works to ensure that the flows of in the global financial system are not misused to fund terrorist activities.

FATF describes itself as an inter-governmental body that works 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 maintains a grey list of countries that it watches closely. In essence, these are countries that have, in the assessment of the FATF, failed to prevent international money laundering and terrorist financing, and are, therefore, on a global watchlist for bad behaviour.