FINANCIAL ACTION TASK FORCE (FATF)
Pakistan seeks time to complete the 27-point (anti-money laundering/combating the financing of terrorism) action plan to help the country exit from the greylist.
Pakistan was put under ‘Greylist’ (formally called ‘other monitored jurisdictions’) of FATF for terror financing and money laundering.
FATF is an inter-governmental body established in 1989 to combat money laundering, terrorist financing and other related threats to the integrity of the international financial system.
India is a member of FATF.