Pakistan under the watchful eye of the FATF
The Financial Action Task Force (FATF), the global money laundering and terrorist financing watchdog, held a virtual plenary session from October 21 to 23. During this session, the various countries on the FATF watchlist, classified on the organization’s “blacklist” and “gray list”, were reviewed. Currently, two countries, North Korea and Iran, are on the “black list” and 16 countries, including Pakistan, on the “gray list” known as heightened surveillance.