Pakistan FATF panel ranking improves, joins states with high level of compliance
By Muhammad JuniadPublished On 05 Jan 2023
According to an official statement, Pakistan has also achieved the rating of largely compliant in all the six major recommendations of the FATF including, the money laundering offence, terror financing offence, targeted financial sanctions related to terrorism and terrorist financing, customer due diligence, record keeping and reporting of suspicious transactions.
“Pakistan is now in the top tier of countries that have achieved a rating of C/LC for over 35 of the 40 FATF Recommendations,” the Finance Ministry said.
Alhamdolilah, another good news;
— Hammad Azhar (@Hammad_Azhar) August 13, 2021
APG released its latest report on assessment of Pak's AML/CFT Legal Framework.
Out of FATF's 40 requirements, our earlier assessment of 31/40 upgraded to 35/40.
Pakistan has now joined a select group of countries with high level of compliance. pic.twitter.com/yQihDI7zZj
As per official report, Pakistan has achieved compliant/largely compliant rating in 4 more recommendations leading aggregate to 35/40 Recommendations rated as Compliant (C) or Largely Compliant (LC).
However, Pakistan is now in the top tier of countries that have achieved a rating of C/LC for over 35 of the 40 FATF Recommendations.
Overall, Pakistan is now complying with 35 or more of FATF’s 40 recommendations.
