Financial Action Task Force President Xiangmin Liu on October 18 expressed serious concerns over the lack of progress made by Pakistan to address its terror financing risks. He stated that Pakistan could be formally blacklisted by the global terror funding and money laundering watchdog FATF if it does not swiftly act against terror funding by February 2020."Pak needs to do more and faster. Pak's failure to fulfil FATF global standards, issue we take very seriously. If by February 2020, Pakistan doesn't make significant progress, it could be formally put in the 'Black List," said FATF President.