Pakistan said it was made a “target of politics” at the Financial Action Task Force (FATF) meeting, which has voted to place the country on its “grey list” over its record on money laundering and terror financing. Pakistan will have to work with the FATF to prepare an action plan to tackle money laundering and terror financing, sources said. Pakistan’s de-facto finance minister Miftah Ismail said his country was made a “target of politics” despite its tangible efforts to crack down on money laundering and terror financing. Pakistan is not a big money launderer,” said Ismail, who is the prime minister’s adviser on finance. Ismail said Pakistan would see no substantial effect on its economy if placed on the list.

Source: Hindustan Times February 24, 2018 15:45 UTC