Pakistan may once again be included in the gray list of Financial Action Task Force. The Finance Minister here is afraid of this. Finance Minister Mohammad Aurangzeb has given a big statement saying that the country can once again go into the gray list of FATF (Financial Action Task Force). He warned that about 15% of Pakistan’s population is doing financial transactions without any investigation, rules and regulations. It is believed that Pakistan can be punished again due to relations with terrorist organizations like Jaish-e-Mohammed.

Fatf’s eye on terrorist funding
Aurangzeb tried to connect the threat of FATF to the country’s weak economy, but the reality is that the matter is related to funding and money laundering to terrorist organizations. According to reports, funds are being transferred on a large scale without any regulation to provide funds to terrorists in Pakistan. This is the reason why FATF is keeping a close watch on it.

Pakistan has been in gray-list earlier also
FATF has earlier put Pakistan in a strict monitoring list (gray-list) on charges of helping terrorists. Terrorist groups like Jaish-e-Mohammed and Lashkar-e-Taiba run their funding networks using hawala, cash transactions and now digital networks. Reports say that the government of Pakistan has also created new avenues for fund transfer.

Digital finance is increasing difficulties
If Pakistan fails to control digital finance and non-registard transactions, then it can be put in the gray-list again. According to the report by The Pakistan Tribune, Aurangzeb has warned that FATF is scheduled if the regulatory system is not strengthened. He has demanded to take strict steps immediately.

Was out of gray list in 2022
Significantly, Pakistan was put in the gray list of FATF on charges of funding terrorists in 2018. In 2022, Pakistan came out of it with great difficulty in 2022 after monitoring and accepting the conditions for a long time. Now non-registard fintech platforms, crypto wallets and hidden digital transactions can again trap Pakistan in the same trap.

Digital banking rules: The kind of frauds that are coming out between digital banking becoming increasingly popular, this has become a big concern today. Millions of fraudsters blow money kept in the bank. But now the RBI has taken steps to stop such fraud. Now RBI has drafted such new rules, which will be safe for all to use digital banking. All online services from internet banking to mobile banking which are provided by the bank, this new guidelines of RBI are included.

RBI new rules

Under the new rule, their customers will have to give the bank the option whether they can only watch the bank account online or want the complete service of the transaction. The bank cannot force anyone to use digital banking, if they want to use only debit cards.

The RBI also wants the bank to take their permission before sign up for the customer in the digital service. Every customer will be clearly told how much will be charged for him, if there is a problem then how will it be resolved and every transaction will necessarily get the information about it through e-mail or SMS.

Another important thing is that the bank cannot force a third party products such as investment plans or insurance, nor can it show it on its website without the permission of RBI.

The bank will have to do this work

For strictness on online fraud, all banks will have to use fraud detection tools, so that any kind of suspicious transactions can be closely monitored. They will also have to study the daily expenses of the customers, so that any transaction to be separated from it can be easily identified. These draft rules have been shared by RBI on Monday. The central bank has asked for its suggestions from banks, experts and people on 11 August 2025.