In this detailed explainer, we break down what the Financial Action Task Force (FATF) is, how it works, and what it means for a country to be placed on its grey or black list. Pakistan was on the FATF grey list from 2018 to 2022 and was removed after committing to reforms. Now, India has prepared a dossier alleging that Pakistan has misused international aid for arms procurement and terror financing. This dossier is likely to be presented at the upcoming FATF meeting. We explain the significance of FATF's actions, the global impact of being grey-listed or blacklisted, and why India’s move could have serious implications for Pakistan. From money laundering to terror funding and global sanctions, this video decodes everything you need to know about FATF and its growing role in international security and diplomacy.