India to push FATF to put Pak on its grey list again

NEW DELHI: India will push for placing Pakistan in the grey list again at the Financial Action Task Force's (FATF) plenary meeting in June, making available evidence that Islamabad failed to enforce anti-money laundering and counter-terror reforms and made no headway in prosecuting UN-designated terrorists, a senior official said.

- Rajeev Jayaswal

There is a strong case to put Pakistan back in the grey list, this person added on condition of anonymity. The global money laundering and terrorism financing watchdog holds three plenary meetings that usually take place in June, October and February of each year. Pakistan is due for an evaluation in 2026 and non-compliance or slippage could result in a grey listing.

Countries in the grey list are given an action plan, and their implementation of this is monitored every four months. If countries in the grey list fail to show any progress, then they are pushed to the "black list" and subjected to counter measures. Countries which do not participate in FATF's mutual evaluation process — Iran and North Korea, for instance — are also blacklisted.