Certain countries represent a higher risk of money laundering and terrorist financing activity – and these countries may be included on the FATF’s black list or grey list. When doing business with persons and entities in these countries, the FATF recommends that financial institutions apply enhance...
it is officially referred to as jurisdictions under increased monitoring. the countries on this list may face economic sanctions from institutions like the imf and the world bank and experience adverse effects on trade. pakistan is one of the country in the greylist of faft. candidates can find...