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What is FATF, and why Pakistan has been struggling to get out of its ‘Grey List'

What is FATF, and why Pakistan has been struggling to get out of its ‘Grey List'
The Financial Action Task Force (FATF) is a global watchdog fighting terror financing and money laundering. It is an intergovernmental organisation founded in 1989 during a G7 Summit. The Asia Pacific Group of the FATF has placed Pakistan in its so-called 'Grey List'. Grey List includes "Jurisdictions Under Increased Monitoring”.