PAKISTAN STILL FACES MAJOR STRUGGLE TO CONTAIN MONEY LAUNDERING AND TERROR FINANCE, DESPITE REFORMS
May 1st, 2016
Pakistan remains a source of concern to global anti-money laundering (ML) authorities even though the Financial Action Task Force (FATF), the world's leading AML organisation, removed the country from its monitoring process last February (2015). Then, FATF cited Pakistan as having made "significant progress" in improving its AML and CFT (combating the financing of terrorism) regime. The Asia/Pacific Group on Money Laundering (APG), which is linked to the FATF and other world financial bodies, last issued a full member state report on Pakistan in 2009. That ...
Full access to this article can be arranged with permission from the client that first ordered it. Please contact us to request access. Entries are uploaded to our archive at least one year after being published by a client – free access is restricted to International News Services journalists for background research only. The article date indicates when copy was filed to a client, not when posted to this archive. Upon client requests, International News Services will remove such articles from the archive or not upload them in the first place. They are included to demonstrate the breadth of topics undertaken by the agency and also to help promote clients’ coverage.