Pakistan complies with 31 requirement of FATF

Pakistan complies with 31 requirement of FATF

KARACHI: Asia Pacific Group (APG) on Money Laundering has published results of Pakistan’s second Mutual Evaluation follow-up Report on 2 June 2021.

As per the report, Pakistan has achieved compliant/largely compliant rating in 31 out of 40 Recommendations of Financial Action Task Force (FATF) in Technical Compliance.

These results prove the sincerity along with resolve of the Government in complying with FATF requirements.

These results are also a manifestation of the irreversibility and sustainability of the complete process in bringing Pakistan at par with Global AML/CFT standards.

These results are manifestation of a whole of government approach adopted to achieve the same.

An upgrade of 21 Recommendations within this short period of time remains unprecedented in FATF history.

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