Pakistan won a major reprieve, as the FATF, an international watchdog on terror financing and money laundering agreed to remove Pakistan’s name from the 'grey list'.
|What are the Black List and Grey List? Those are two types of lists that FATF maintains. A blacklist is given to the countries that FATF considers uncooperative tax havens. These countries are known as Non-Cooperative Countries or Territories (NCCTs). A Grey list is a warning given to the country that it might come on the Black list. But even when a country comes under a grey list it faces many problems like problems in getting loans Economic sanctions Reduction in trade.|
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