Explanation:

Pakistan has been retained on the ‘grey list’ of the FATF for another four months, with a stern warning to complete the 27-point action plan it has been given by June 2020 or face being put on the ‘black list’. Pakistan has been lobbying to get off the grey list, citing actions already taken. Pakistan was given a deadline to complete the tasks that included shutting down all access to funding of United Nations Security Council-designated terrorist groups, including the Taliban, al-Qaeda, the Lashkar-e-Taiba and the Jaish-e-Mohammed and prosecuting their leadership for any access to finance. The FATF's plenary year begins in July and ends in June. During a plenary year, the FATF holds three plenary meetings, a meeting of experts and various ad hoc groups. The “black list” refers to countries for who there has been a “call to action” or strict banking and international finance sanctions, a list which at present includes Iran and North Korea. Pakistan is one of the 12 countries on the “grey list” or “other monitored jurisdictions” that are being reviewed for actions to stop terror financing and money laundering.