Question : The Financial Action Task Force (FATF) in October 2022 has excluded which country from the grey list of global watchdogs on terror financing and money laundering?
Option 1: Bangladesh
Option 2: North Korea
Option 3: China
Option 4: Pakistan
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Correct Answer: Pakistan
Solution : The correct answer is Pakistan.
The Financial Action Task Force (FATF), the global watchdog on terror financing and money laundering, removed Pakistan from its "grey list" after a four-year inclusion. This move signifies a positive assessment of Pakistan's efforts in addressing concerns related to financial misconduct. Meanwhile, India's neighbouring country, Myanmar, transitioned from the "grey list" to the more severe "black list" due to actions taken by the military leadership following the 2021 coup.
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