Diabytes
FATF blacklist News
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Greylisting by the Financial Action Task Force (FATF) is said to limit a country's access to international loans.
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FATF President T Raja Kumar has made a big announcement against Russia during a two-day meeting in Paris. T Raja has barred Russia from taking part in its future projects. This step has been taken due to Russia's attack on Ukraine.
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FATF (Financial Action Task Force) has imposed sanctions on Russia. Now, Russia will not be able to get the benefit of new projects related to FATF. Commenting on this, FATF President T Raja said that action has been taken against Russia due to its attack on Ukraine.
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Notably, the Asia/Pacific Group (APG) subgroup has already recommended that Islamabad should be blacklisted due to its poor compliance on measures to tackle terror.
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Sources told FATF blacklisted Pakistan as it failed to put a curb on terrorism. Watch this video to know more.
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