Backed by ‘all weather friend’ China, Pakistan again escaped the ignominy of being put into the ‘club’ of High-Risk Jurisdictions, commonly referred to as the ‘black list’, by the Financial Action Task Force (FATF). The Democratic People's Republic of Korea (DPRK) and Iran are the two present members of the ‘club’.
Despite Islamabad’s continued attempts to deceive FATF by taking superficial action and come out of the Jurisdictions under Increased Monitoring, the ‘grey list’, however, FATF decided to keep Pakistan in this listing, along with 17 other countries. Pakistan has been on the ‘grey list’ since June 2018.
FATF President Xiangmin Liu of China, chaired the FATF Plenary held on February 19-21, 2020, at Paris, France. In a release dated February 21, 2020, FATF noted that "all deadlines in the action plan have expired" and the FATF "again expresses concerns given Pakistan's failure to complete its action plan in line with the agreed timelines and in light of the TF [terrorist financing] risks emanating from the jurisdiction". The FATF warned, Read More https://newageislam.com/islam-and-politics/ajit-kumar-singh/pakistan-has-now-been-on-fatf%E2%80%99s-%E2%80%98grey-list%E2%80%99-since-june-2018/d/121155
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