Master Class Digital Learning Academy

FINANCIAL ACTION TASK FORCE (FATF) & PAKISTAN’S GREY LIST ISSUE Introduction The Financial Action Task Force (FATF) is an intra-governmental organization that was founded after the initiative of the Group of Seven countries G-7, back in 1989, for combating money laundering in the world. Basically, FATF is a “Policy-Making Body” that mainly regulates finance-related reforms to stop money laundering at the world level.     In 2001, FATF’s role was extended against financing terrorist organizations, particularly after the so-called incident of 11 th September 2001 attacks on the World Trade Centre in New York America. Later on, FATF emerged as one of the most powerful and influential organizations in the world, particularly in the context of managing and regulating the economies of different countries including Iran & Afghanistan.      Initially, FATF had a total of 16 member countries but today, it has 39 permanent member countries including USA ...