FATF removes Pakistan from 'grey list' after four years

The financial Action Task Force (FATF) has removed Pakistan from its grey list after four years. This inglorious greylisting has adversely impacted Pakistan's imports, exports, and remittances and limited its access to international lending. Pakistan has been on the Paris-based watchdog's grey list for deficiencies in its counter-terror financing and anti-money laundering regimes since June 2018.

The global watchdog on terror financing and



money laundering has said that Islamabad will continue to work with the Asia/Pacific Group on Money Laundering to further improve its anti-money laundering and counter-terrorist financing system. 

It has also welcomed Pakistan's significant progress in improving its anti-money laundering and counter-terrorist financing regime. The decision was taken by the FATF in its plenary held in Paris yesterday.