Why FATF removing Pakistan from 'grey list' has miffed India so much

FATF started out with 16 developed countries as members and added 12 by 1992. It has since expanded to the current list of 39 members

India has reasons to be dismayed at the global Financial Action Task Force (FATF) to lift the pressure off Pakistan.  The global anti-money-laundering forum has only 37 countries as full members and two regional organisations. India is one of them, but Pakistan is not. 

The FATF makes countries sweat a lot to get the prized membership as India discovered in 2010-12. “We literally camped in the North Block, for nights when the FATF supervisors came visiting”, said one of them involved in the exercise. After the global meltdown of 2008 financially and rattled by the Mumbai terror attack, the Indian