Turkey on FATF Grey list, Jordan and Mali were also there

The Financial Action Task Force (FATF) has added its ally Turkey to the list, in a double blow for Islamabad which depended on Ankara’s support to avoid entry into the blacklist earlier. Jordan and Mali were also added to the grey list.

FATF denied that it acted under Indian pressure to keep Pakistan in the grey list. Mauritius has come out of the FATF ‘grey list’.

FATF is the global money laundering and terrorist financing watchdog which sets international standards that aim to prevent these illegal activities and the harm they cause to society.

The FATF also works to stop funding for weapons of mass destruction.

The FATF plays a central role in global efforts in combatting terrorist financing, through its role in setting global standards to combat terrorist financing, assisting jurisdictions in implementing financial provisions of the United Nations Security Council resolutions on terrorism, and evaluating countries’ ability to prevent, detect, investigate and prosecute the financing of terrorism.