Issue Brief on “FATF Grey List: Time for Pakistan to Take Bold Steps”

The Financial Action Task Force (FATF) formally placed Pakistan on the grey list due to ‘strategic deficiencies’ in its anti-money laundering and terrorism financing regime. The highly anticipated decision was taken by the FATF Plenary that met in Paris on June 29, 2018. The global body took the decision on the basis of a monitoring report of the International Cooperation Review Group (ICRG).

Pakistan has been placed among the jurisdictions (states) with strategic deficiencies along with Ethiopia, Serbia, Sri Lanka, Syria, Trinidad and Tobago, Tunisia and Yemen.

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