Of the 27 FATF recommendations to stop terror funding, Pakistan has fallen short on 18 counts. As of now, 13 countries are on the FATF's watch list or "grey list" for not complying to its recommendations against terror financing and money laundering. Two are black-listed - Iran and North Korea. Iran faces US sanctions, and North Korea faces UN trade sanctions. The FATF defines itself as a “policy-making body, which works to generate the necessary political will to bring about national legislative and regulatory reforms" to tackle money laundering and terror funding.

Source: The Telegraph June 10, 2019 17:48 UTC