Financial Action Task Force (FATF)

The three list categorisation of the Financial Action Task Force (FATF)—white, grey, and black—has been largely ineffective when dealing with jurisdictions like Pakistan. There need to be more gradations between the grey and blacklists as it may increase policy options and leverage.

• Pradeep Singh Gautam
• October 12, 2020
• Issue Brief

In a statement on February 28, 2008, the Financial Action Task Force (FATF) voiced concern about the existing deficiencies in Pakistan’s counter terrorist financing and anti-money laundering system. While acknowledging some progress, the FATF noted that the shortcomings in Pakistan’s national legal framework constituted a money laundering/terrorist financing vulnerability in the international financial system.

• Satinder K. Saini
• March 17, 2008
• IDSA Comments