New Delhi, Oct 21 (NM) After four years, Pakistan has been taken off the infamous grey list of FATF, the global watchdog on terror financing and money laundering, in the wake of Islamabad’s “high-level political commitment” in dealing with the menace and carry out reforms in its existing monitoring mechanism.
Significantly, for the first time, the FATF put Myanmar in the “high-risk jurisdictions subject to a call for action”, often referred to as the watchdog’s blacklist. Iran and North Korea continue to be on the blacklist.
In other decisions, Russia was barred from participating in future projects FATF.