Financial Action Task Force: Pakistan on ‘grey list’

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Pakistan has been placed on the grey list by the Financial Action Task Force for failing to curb anti-terror financing despite its diplomatic efforts to avert the decision.
The decision was taken on Wednesday night at the global financial watchdog Financial Action Task Force’s (FATF) planery session in Paris where finance minister Shamshad Akhtar represented Pakistan, according to official sources. The annnoncement comes a day after Pakistan submitted a comprehensive 26-point action plan to the FATF to choke the funding of militants groups, including Mumbai attack mastermind Hafiz Saeed-led JuD and its affiliates, to avoid being blacklisted by it.