Paris: The international terror financing watchdog Financial Action Task Force (FATF) is on the verge of taking strong action against Pakistan and the country may be put on the “Dark Grey” list. Earlier the country was placed on the “Grey List” for failing to curb global terror funding and the FATF will finalise its decision on October 18.
Officials who attended the ongoing conference of the FATF said that as per indications, Pakistan will be isolated by all members for its inadequate performance.“Dark Grey” means the issuance of a strong warning so that the warned country gets concerned and gets one chance to improve.
The FATF is an inter-governmental body which was established in 1989 to combat money laundering, terrorist financing and other related threats to the integrity of the international financial system. If Pakistan continues to be put on the “Grey List” or “Dark Grey” list, it would be difficult on the part of the country to get financial aid from the International monetary Fund (IMF) for developmental works.