Anti-money Laundering and Combating the Financing of Terrorism : Pakistan
This assessment of the anti-money laundering (AML) and combating the financing of terrorism (CFT) regime of Pakistan is based on the Forty Recommendations 2003 and the Nine Special Recommendations on Terrorist Financing 2001 of the Financial Action...
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| Format: | Other Financial Sector Study |
| Language: | English en_US |
| Published: |
Asia/Pacific Group on Money Laundering and World Bank
2013
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| Online Access: | http://documents.worldbank.org/curated/en/2009/07/16413202/pakistan-mutual-evaluation-report-anti-money-laundering-combating-financing-terrorism http://hdl.handle.net/10986/12243 |
| Summary: | This assessment of the anti-money
laundering (AML) and combating the financing of terrorism
(CFT) regime of Pakistan is based on the Forty
Recommendations 2003 and the Nine Special Recommendations on
Terrorist Financing 2001 of the Financial Action Task Force
(FATF), and was prepared using the AML/CFT assessment
Methodology 2004, as updated in February 2008. The assessors
reviewed the institutional framework, the relevant AML/CFT
laws, regulations, guidelines and other requirements, and
the regulatory and other systems in place to deter and
punish money laundering (ML) and the financing of terrorism
(FT) through financial institutions and Designated
Non-Financial Businesses and Professions (DNFBP). The
assessors also examined the capacity, implementation, and
effectiveness of all these systems. This report provides a
summary of the AML/CFT measures in place in Pakistan at the
time of the mission or shortly thereafter (no later than
March 26th, 2009). It describes and analyzes those measures,
sets out Pakistan levels of compliance with the FATF 40+9
Recommendations, and provides recommendations on how certain
aspects of the system could be strengthened. |
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