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FATF Grey List
November 1 , 2022
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- The Financial Action Task Force (FATF) has removed Pakistan from the list of countries under “increased monitoring” (Grey List).
- Pakistan has been removed from the list after four years.
- It was first put on the list in 2008, removed in 2009, added again in 2018.
- FATF is the international watchdog on terror financing and money laundering.
- It also aims to counter the financing of proliferation of weapons of mass destruction.
- It was set up in 1989 out of a G-7 meeting of developed nations in Paris.
- India joined with ‘observer’ status in 2006 and became a full member of FATF in 2010.
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