Pakistan FATF Gray List: Pakistan’s name removed from FATF gray list, know what is the meaning of this list

Pakistan FATF Gray List: The name of Pakistan has been removed from the gray list of FATF. This decision was taken in the meeting going on in Berlin, Germany. For a long time, Pakistan was busy removing its name from the gray list of the Financial Action Task Force (FATF), an anti-terrorist organization. Pakistan heaved a sigh of relief after the name was removed from the list. In such a situation, the question arises that what is FATF, what does it mean to be included in its black and gray list…

FATF (Financial Action Task Force) is an international organization that works to prevent financial crime. These are done to promote crime and terrorism. On the basis of such financial crimes, countries are included in the black or gray list. For example, till now Pakistan was included in the gray list of FATF.

Now let’s understand the difference between black and gray list. Countries that promote terrorist activity are either included in the black list or in the gray list. Black list is considered more serious than gray list. Pakistan was currently included in the Gray List, after a long time it has been removed from this list.

The gray list includes countries that promote terror funding and money laundering. Including those countries in this list means that they are being warned to stop such cases. Failure to do so may result in them being included in the black list, which is considered very serious. Currently, the gray list includes Panama, Sri Lanka, Ethiopia, Bahamas, Botswana, Cambodia, Ghana, Panama, Syria, Tunisia, Yemen, Trinidad and Tobago.

Those countries are included in the black list which provide funding for terrorist activities and promote money laundering. According to the Business Standard report, North Korea and Iran have been included in the blacklist due to terror funding. Countries included in the blacklist stop getting foreign loans and investors keep distance. As a result, the economy of that country becomes weak. Along with this, the image becomes negative at the international level.