FATF is an intergovernmental organization that maintains grey and black lists for identifying countries that have failed to stop money-laundering and who finance terrorism.
Presenting Pakistan's case at the FATF talks in Paris, Shamshad Akhtar, the interim minister for finance and planning, detailed steps taken by Pakistan to stem money laundering and terror financing. However, these steps appeared not to have been enough as the 37-nation FATF plenary agreed to add Pakistan to the list.