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FATF retains Pakistan on 'grey list', Turkey new addition. What does this mean? Explained in points

FATF retains Pakistan on 'grey list', Turkey new addition. What does this mean? Explained in points
What is FATF's' grey list'? The Financial Action Task Force (FATF) is a global money laundering and terrorist financing and other related threats watchdog to the integrity of the international financial system. The FATF updates its standards to combat modern world issues and holds countries that do not comply accountably.

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