• Global anti-money laundering watchdog Financial Action Task Force (FATF) has announced that it will review Pakistan's performance to meet international commitments in the fight against terror financing.
• FATF will review Pakistan's performance to meet international commitments and standards in the fight against money laundering and terror financing at a meeting that has been scheduled to be held in Beijing on 21-26 June 2020. 
• In February 2020, the watchdog FATF gave Pakistan a 4-months of grace period to complete its 27-point action plan against money laundering and terror financing that is committed with the international community. Before the extension, Pakistan had delivered 14 points and missed 13 other targets.
• Pakistan government has taken several measures to be removed from the list of countries deemed non-compliant with anti-money laundering and terrorist financing regulations. It is said that the country has taken a measure that can affect Pakistan's economy, which is already under severe strain.

About FATF:

• Paris-based FATF is an inter-governmental body formed in 1989. The organization aims to combat money laundering, terrorist financing and other related threats to the integrity of the international financial system.
• There are around 39 member countries, including the US, the UK, India, Japan, China, and France, among others.