Periodic monitoring of the levels of what corrective measures were taken to curb money laundering and related issues to contain and check funding terror and terror related activities, the Financial Action Task Force (FATF) while appraising the ”performance” of Pakistan on this front has felt inclined to keep that country again on its “Grey List”, a step short of the extreme one of blacklisting.
The global money laundering and terrorist financing watchdog FATF has certain parameters which a country kept under monitoring and under its radar must come up to in order to be eligible for getting removed from the Grey List. For this, an exercise to verify on the spot as to the levels and the extent of implementation of ”reforms” on terror financing mechanism undertaken by Pakistan, may be initiated by the FATF, till then it has to be on the same Grey List. That means for the time being Pakistan shall find it not easy to get any financial aid from the world bodies like the IMF etc especially in the context of looking to the extreme financial crisis faced by that country for the last more than a decade.
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