Isolated by all countries in FATF, Pakistan on verge of being on ‘Dark Grey’ List

TIL Desk/World/Beijing/ Pakistan is on the verge of strong action by the international terror financing watchdog FATF and the country may be put in the ‘Dark Grey’ list, the last warning to improve. Officials attending the ongoing plenary of the Financial Action Task Force (FATF) here said as per indications, Pakistan will be isolated by all members for not doing enough.

Pakistan is on the verge of strong action by FATF, given its inadequate performance, whereby it managed to pass in only six of 27 items, an official privy to the development said. The FATF will finalise its decision on Pakistan on October 18.

According to FATF rules there is one essential stage between ‘Grey’ and ‘Black’ lists, referred to as ‘Dark Grey’.  ‘Dark Grey’ means issuance of a strong warning, so that the country concerned gets one last chance to improve, another official said. ‘Dark Grey’ was the term used for warning upto 3rd Phase. Now it’s just called warning — that is the 4th phase.