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A Misleading Exit

  • Published
    27th Oct, 2022

Context:

Recently, the Financial Action Task Force (FATF) announced the removal of Pakistan from its “Grey List.”

Role of FATF:

  • A Global Watchdog: The FATF sets global standards for countering the menace of money laundering to further counter the financing of the proliferation of weapons of mass destruction.
  • Works under a rules-based order: The FATF seeks to fulfill its three-pronged mandate by drawing up a list of guidelines (“FATF Recommendations” or “FATF Standards”) to ensure a coordinated global response to prevent organized crime, corruption, and terrorism.
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