Islamabad will face reviews of its actions in June and October this year, when a final decision on whether to change its status is taken. If it were put on the blacklist, Pakistan’s economy, already laden with a debt crisis, would face a move that could see more financial strictures and ratings downgrades by international banking and credit rating agencies. Pakistan was on the ‘greylist’ of countries of risk between 2012 and 2015 as well.

In its public statement that did not name any countries or groups, President of the body Marshall Billingslea said the group “notes with grave concern and condemns the violent terrorist attack last week that killed at least 40 Indian security forces in Pulwama in the State of Jammu and Kashmir…While all these attacks kill, maim, and inspire fear, they cannot occur without money and the means to move funds between terrorist supporters,” calling on all countries to choke off the supply of those funds.