China was elected as vice chair of Financial Action Task Force
China was elected as vice chair of Financial Action Task Force (FATF), a global body mandated to combat terror financing and money laundering.
In its plenary meeting in Paris, FATF had placed Pakistan under “grey list” subject to direct monitoring and intense scrutiny by International Cooperation Review Group till June 2018 for compliance of Anti-Money Laundering and Combating Finance of Terrorism Regulations.
Pakistan was on the same list from 2012 to 2015.
The Financial Action Task Force, also known by its French name, Groupe d'action financière, is an intergovernmental organization.
Headquarters: Paris, France
President: Roger Wilkins
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