Pakistan stays on terror financing grey list, gets 4 months for reforms

Pakistan was placed on the Grey List by the Paris-based watchdog in June last year and was given a plan of action to complete it by October 2019

Pakistan was again put on the Grey List of the international terror financing watchdog FATF, which on Friday warned Islamabad of action for its failure to combat money laundering and terror financing, officials said.

The Paris-based Financial Action Task Force (FATF) took the decision after its five-day plenary, which concluded here.

By making this decision public, the FATF has given notice to the global financial institutions that they need to prepare to red flag the jurisdiction and ready their systems for the eventuality in February 2020.

If Pakistan continues with the 'Grey List' or put in 'Dark Grey' list, it