Greylist exit not bulletproof: FATF warns Pakistan over terror financing risks

The Financial Action Task Force (FATF), the global watchdog for combatting terror financing and money laundering, has cautioned Pakistan that its removal from the “greylist” does not make it immune to financial crimes linked to terrorism.

Speaking at a press conference in France following the FATF’s fourth plenary meeting, the organisation’s president, Elisa de Anda Madrazo, stressed that all countries must sustain efforts to curb illicit flows of money and deter crimes.

“Any country that is on the grey list but also exists on the grey list is not bulletproof for actions of criminals, either money launderers or terrorists. So we do invite all jurisdictions, including those who have been delisted, to continue their good work to prevent and deter crimes,” Madrazo said.