<span style="color: #222222;">Pakistan is on the verge of strong action by the international terror financing watchdog FATF and the country may be put in the 'Dark Grey' list. Officials attending the ongoing plenary of the Financial Action Task Force (FATF) in Paris said, as per indications, Pakistan will be isolated by all members for not doing enough. Sources said, Pakistan given its inadequate performance and has managed to pass in only 6 of the 27 items. The FATF will finalise its decision on Pakistan on Friday.</span><br />'' <span style="color: #222222;">&nbsp; </span><br />'' <span style="color: #222222;">According to FATF rules, there is one essential stage between 'Grey' and 'Black' lists, referred to as 'Dark Grey'. An official said, Dark Grey means issuance of a strong warning, so that the country concerned gets one last chance to improve.</span><br />'' <span style="color: #222222;">&nbsp; </span><br />'' <span style="color: #222222;">The FATF is an inter-governmental body established in 1989 to combat money laundering, terrorist financing and other related threats to the integrity of the international financial system. Pakistan was placed on the Grey List by the Paris-based watchdog in June last year and was given a plan of action to complete it by October 2019, or face the risk of being placed on the black list with Iran and North Korea. If Pakistan continues with the 'grey list' or put in 'Dark Grey' list, it will be very difficult for the country to get financial aid from&nbsp;International Monetary Fund,&nbsp;the World Bank and the European Union, making its financial condition more precarious.</span><br />
News On AIR | October 15, 2019 9:30 AM
Pak on verge of strong action by FATF; likely to be put in 'Dark Grey' list