As yet another FATF deadline approaches in the last week of February, Pakistan is once again making a show of tightening its AML/CFT regimes to comply with the requirements of the financial watch-dog. At the same time, a propaganda effort is underway to convince the FATF to not only not push Pakistan into the ‘black list’ but to also take Pakistan out of the ‘grey list’. The facts on ground, however, merit Pakistan being ‘black-listed’ for failing to deliver on its high-level political commitments to FATF. Worse, Pakistan has been deceiving the Task Force by pretending to take action against internationally designated terrorist groups and their financial networks but only on paper. In practice, these terror groups continue to function openly and are collecting funds publicly.