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 |
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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 |
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okr-10986-12243 |
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| recordtype |
oai_dc |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English en_US |
| topic |
ABUSE ABUSES ACCOUNTABILITY ANTI-CORRUPTION ANTI-MONEY LAUNDERING ANTICORRUPTION ARBITRAGE ASSET HOLDINGS ASSET MANAGEMENT AUDITORS AUDITS BALANCE SHEET BANK ACCOUNTS BANK LOANS BANKING INDUSTRY BANKING LAW BANKING PRACTICES BANKING SECTOR BANKING SECTOR ASSETS BANKING SERVICES BANKING SYSTEM BENEFICIARIES BRIBERY BROKER BROKERS BUSINESS INVESTMENT CAPITAL MARKET CC CDS CIVIL SANCTIONS CODES OF CONDUCT COLLECTIVE INVESTMENT COMMERCIAL BANKS COMMERCIAL LAWS COMMERCIAL TRANSACTIONS COMMODITY COMMON LAW CONFIDENTIALITY CONSUMER CREDIT CONSUMER GOODS CORPORATE BONDS CORRUPT CORRUPT OFFICIALS CORRUPTION CORRUPTION ACT CORRUPTION OFFENCES CORRUPTION PERCEPTION CORRUPTION PERCEPTION INDEX CREDIBILITY CRIME CRIMES CRIMINAL CRIMINAL ENTERPRISES CRIMINAL LIABILITY CRIMINAL SANCTIONS CRIMINALS CURRENCY DEBIT CARDS DEBT DEBT INSTRUMENTS DEMOCRACY DEPOSITS DERIVATIVES DEVELOPMENT FINANCE DISBURSEMENT DISBURSEMENTS DUE DILIGENCE DUE DILIGENCE REQUIREMENTS EMBEZZLEMENT ETHICS EXCHANGE COMMISSION EXCHANGE CONTROLS EXCHANGE RATE EXPOSURE EXTRADITION FEDERAL GOVERNMENT FIGHT AGAINST CORRUPTION FINANCE COMPANIES FINANCES FINANCIAL COMPANIES FINANCIAL CRIME FINANCIAL INSTITUTION FINANCIAL INSTITUTIONS FINANCIAL INTELLIGENCE FINANCIAL INTELLIGENCE UNIT FINANCIAL MARKETS FINANCIAL SECTOR FINANCIAL SECTOR ASSESSMENT FINANCIAL SYSTEMS FIXED ASSETS FOREIGN BANKS FOREIGN CURRENCY FOREIGN DIRECT INVESTMENT FOREIGN EXCHANGE FOREIGN FINANCIAL INSTITUTIONS FOREIGN GOVERNMENTS FOREIGN INVESTMENT FORMAL BANKING FORMAL FINANCIAL SERVICES FRAUD FRAUDULENT PRACTICES FUND MANAGEMENT FUTURES GOOD GOVERNANCE GROSS DOMESTIC PRODUCT GROWTH RATE HARMONIZATION HOLDING HOUSING FINANCE IMMOVABLE PROPERTY INCOME INCOME TAX INSURANCE INSURANCE COMPANIES INSURANCE INDUSTRY INSURANCE PENETRATION INTEGRITY INTEREST RATE INTERNAL CONTROLS INTERNATIONAL COOPERATION INVESTIGATION INVESTIGATIONS INVESTING INVESTMENT BANKING INVESTMENT BANKS ISLAMIC BANKING ISLAMIC BANKS ISLAMIC FINANCE JUDICIAL SYSTEM JUDICIARY JURISDICTIONS JUSTICE LAW ENFORCEMENT LEADERSHIP LEGAL FRAMEWORK LEGAL SYSTEM LEGAL SYSTEMS LIFE INSURANCE LIFE INSURANCE COMPANIES LIFE INSURANCE CONTRACTS LIQUID SECURITIES LOCAL CURRENCY LOCAL GOVERNMENT LOSS OF REVENUE MARKET CAPITALIZATION MARKET PARTICIPANTS MARKET SHARE MICROFINANCE MICROFINANCE INSTITUTIONS MISAPPROPRIATION MONEY LAUNDERING MONEY MARKET MONEY MARKET INSTRUMENTS MORTGAGE MORTGAGE CREDIT MUTUAL FUND MUTUAL FUNDS MUTUAL LEGAL ASSISTANCE NATIONAL SAVINGS NEGOTIABLE INSTRUMENTS NONPROFIT ORGANIZATION OFFENSES OFFICE HOLDER OPERATIONAL INDEPENDENCE OWNERSHIP STRUCTURE PENALTIES PENSION PENSION FUNDS POLICE POLICE OFFICER POLICE OFFICERS POLITICAL SYSTEM PORTFOLIO PORTFOLIO MANAGEMENT POST BANKS PRIVATE BANKS PRIVATE EQUITY PRIVATE SECTOR BANKS PROSECUTION PROSECUTIONS PROSECUTORS PROVISION OF FUNDS PRUDENTIAL REGULATIONS PUBLIC POLICY PUBLIC SECTOR COMMERCIAL BANKS RE-INSURANCE REAL ESTATE REAL ESTATE INVESTMENT REGULATOR REGULATORS REGULATORY FRAMEWORK REGULATORY OVERSIGHT REGULATORY REQUIREMENTS REMITTANCE REMITTANCE SERVICES REMITTANCES REMOTE AREAS ROBBERY SANCTION SANCTIONS SAVINGS SAVINGS BANK SECURITIES SECURITIES EXCHANGE SECURITIES ISSUES SECURITIES MARKET SERVICE DELIVERY STATE BANK STOCK EXCHANGE STOCK EXCHANGES SUPERVISORY AUTHORITIES SUPERVISORY POWERS SUSTAINABLE DEVELOPMENT TAX LIABILITIES TECHNICAL ASSISTANCE TERRORISM TRADING TRADITIONAL BANKING TRANSACTION TRANSFERABLE SECURITIES TRANSPARENCY TREASURY TRIAL TRIALS TRUST DEED TRUSTEES TURNOVER VALUE TRANSFER VENTURE CAPITAL VENTURE CAPITAL FUNDS WIRE TRANSFER |
| spellingShingle |
ABUSE ABUSES ACCOUNTABILITY ANTI-CORRUPTION ANTI-MONEY LAUNDERING ANTICORRUPTION ARBITRAGE ASSET HOLDINGS ASSET MANAGEMENT AUDITORS AUDITS BALANCE SHEET BANK ACCOUNTS BANK LOANS BANKING INDUSTRY BANKING LAW BANKING PRACTICES BANKING SECTOR BANKING SECTOR ASSETS BANKING SERVICES BANKING SYSTEM BENEFICIARIES BRIBERY BROKER BROKERS BUSINESS INVESTMENT CAPITAL MARKET CC CDS CIVIL SANCTIONS CODES OF CONDUCT COLLECTIVE INVESTMENT COMMERCIAL BANKS COMMERCIAL LAWS COMMERCIAL TRANSACTIONS COMMODITY COMMON LAW CONFIDENTIALITY CONSUMER CREDIT CONSUMER GOODS CORPORATE BONDS CORRUPT CORRUPT OFFICIALS CORRUPTION CORRUPTION ACT CORRUPTION OFFENCES CORRUPTION PERCEPTION CORRUPTION PERCEPTION INDEX CREDIBILITY CRIME CRIMES CRIMINAL CRIMINAL ENTERPRISES CRIMINAL LIABILITY CRIMINAL SANCTIONS CRIMINALS CURRENCY DEBIT CARDS DEBT DEBT INSTRUMENTS DEMOCRACY DEPOSITS DERIVATIVES DEVELOPMENT FINANCE DISBURSEMENT DISBURSEMENTS DUE DILIGENCE DUE DILIGENCE REQUIREMENTS EMBEZZLEMENT ETHICS EXCHANGE COMMISSION EXCHANGE CONTROLS EXCHANGE RATE EXPOSURE EXTRADITION FEDERAL GOVERNMENT FIGHT AGAINST CORRUPTION FINANCE COMPANIES FINANCES FINANCIAL COMPANIES FINANCIAL CRIME FINANCIAL INSTITUTION FINANCIAL INSTITUTIONS FINANCIAL INTELLIGENCE FINANCIAL INTELLIGENCE UNIT FINANCIAL MARKETS FINANCIAL SECTOR FINANCIAL SECTOR ASSESSMENT FINANCIAL SYSTEMS FIXED ASSETS FOREIGN BANKS FOREIGN CURRENCY FOREIGN DIRECT INVESTMENT FOREIGN EXCHANGE FOREIGN FINANCIAL INSTITUTIONS FOREIGN GOVERNMENTS FOREIGN INVESTMENT FORMAL BANKING FORMAL FINANCIAL SERVICES FRAUD FRAUDULENT PRACTICES FUND MANAGEMENT FUTURES GOOD GOVERNANCE GROSS DOMESTIC PRODUCT GROWTH RATE HARMONIZATION HOLDING HOUSING FINANCE IMMOVABLE PROPERTY INCOME INCOME TAX INSURANCE INSURANCE COMPANIES INSURANCE INDUSTRY INSURANCE PENETRATION INTEGRITY INTEREST RATE INTERNAL CONTROLS INTERNATIONAL COOPERATION INVESTIGATION INVESTIGATIONS INVESTING INVESTMENT BANKING INVESTMENT BANKS ISLAMIC BANKING ISLAMIC BANKS ISLAMIC FINANCE JUDICIAL SYSTEM JUDICIARY JURISDICTIONS JUSTICE LAW ENFORCEMENT LEADERSHIP LEGAL FRAMEWORK LEGAL SYSTEM LEGAL SYSTEMS LIFE INSURANCE LIFE INSURANCE COMPANIES LIFE INSURANCE CONTRACTS LIQUID SECURITIES LOCAL CURRENCY LOCAL GOVERNMENT LOSS OF REVENUE MARKET CAPITALIZATION MARKET PARTICIPANTS MARKET SHARE MICROFINANCE MICROFINANCE INSTITUTIONS MISAPPROPRIATION MONEY LAUNDERING MONEY MARKET MONEY MARKET INSTRUMENTS MORTGAGE MORTGAGE CREDIT MUTUAL FUND MUTUAL FUNDS MUTUAL LEGAL ASSISTANCE NATIONAL SAVINGS NEGOTIABLE INSTRUMENTS NONPROFIT ORGANIZATION OFFENSES OFFICE HOLDER OPERATIONAL INDEPENDENCE OWNERSHIP STRUCTURE PENALTIES PENSION PENSION FUNDS POLICE POLICE OFFICER POLICE OFFICERS POLITICAL SYSTEM PORTFOLIO PORTFOLIO MANAGEMENT POST BANKS PRIVATE BANKS PRIVATE EQUITY PRIVATE SECTOR BANKS PROSECUTION PROSECUTIONS PROSECUTORS PROVISION OF FUNDS PRUDENTIAL REGULATIONS PUBLIC POLICY PUBLIC SECTOR COMMERCIAL BANKS RE-INSURANCE REAL ESTATE REAL ESTATE INVESTMENT REGULATOR REGULATORS REGULATORY FRAMEWORK REGULATORY OVERSIGHT REGULATORY REQUIREMENTS REMITTANCE REMITTANCE SERVICES REMITTANCES REMOTE AREAS ROBBERY SANCTION SANCTIONS SAVINGS SAVINGS BANK SECURITIES SECURITIES EXCHANGE SECURITIES ISSUES SECURITIES MARKET SERVICE DELIVERY STATE BANK STOCK EXCHANGE STOCK EXCHANGES SUPERVISORY AUTHORITIES SUPERVISORY POWERS SUSTAINABLE DEVELOPMENT TAX LIABILITIES TECHNICAL ASSISTANCE TERRORISM TRADING TRADITIONAL BANKING TRANSACTION TRANSFERABLE SECURITIES TRANSPARENCY TREASURY TRIAL TRIALS TRUST DEED TRUSTEES TURNOVER VALUE TRANSFER VENTURE CAPITAL VENTURE CAPITAL FUNDS WIRE TRANSFER World Bank Anti-money Laundering and Combating the Financing of Terrorism : Pakistan |
| geographic_facet |
South Asia Pakistan |
| description |
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. |
| format |
Economic & Sector Work :: Other Financial Sector Study |
| author |
World Bank |
| author_facet |
World Bank |
| author_sort |
World Bank |
| title |
Anti-money Laundering and Combating the Financing of Terrorism : Pakistan |
| title_short |
Anti-money Laundering and Combating the Financing of Terrorism : Pakistan |
| title_full |
Anti-money Laundering and Combating the Financing of Terrorism : Pakistan |
| title_fullStr |
Anti-money Laundering and Combating the Financing of Terrorism : Pakistan |
| title_full_unstemmed |
Anti-money Laundering and Combating the Financing of Terrorism : Pakistan |
| title_sort |
anti-money laundering and combating the financing of terrorism : pakistan |
| publisher |
Asia/Pacific Group on Money Laundering and World Bank |
| publishDate |
2013 |
| url |
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 |
| _version_ |
1764421095090290688 |
| spelling |
okr-10986-122432021-04-23T14:03:03Z Anti-money Laundering and Combating the Financing of Terrorism : Pakistan World Bank ABUSE ABUSES ACCOUNTABILITY ANTI-CORRUPTION ANTI-MONEY LAUNDERING ANTICORRUPTION ARBITRAGE ASSET HOLDINGS ASSET MANAGEMENT AUDITORS AUDITS BALANCE SHEET BANK ACCOUNTS BANK LOANS BANKING INDUSTRY BANKING LAW BANKING PRACTICES BANKING SECTOR BANKING SECTOR ASSETS BANKING SERVICES BANKING SYSTEM BENEFICIARIES BRIBERY BROKER BROKERS BUSINESS INVESTMENT CAPITAL MARKET CC CDS CIVIL SANCTIONS CODES OF CONDUCT COLLECTIVE INVESTMENT COMMERCIAL BANKS COMMERCIAL LAWS COMMERCIAL TRANSACTIONS COMMODITY COMMON LAW CONFIDENTIALITY CONSUMER CREDIT CONSUMER GOODS CORPORATE BONDS CORRUPT CORRUPT OFFICIALS CORRUPTION CORRUPTION ACT CORRUPTION OFFENCES CORRUPTION PERCEPTION CORRUPTION PERCEPTION INDEX CREDIBILITY CRIME CRIMES CRIMINAL CRIMINAL ENTERPRISES CRIMINAL LIABILITY CRIMINAL SANCTIONS CRIMINALS CURRENCY DEBIT CARDS DEBT DEBT INSTRUMENTS DEMOCRACY DEPOSITS DERIVATIVES DEVELOPMENT FINANCE DISBURSEMENT DISBURSEMENTS DUE DILIGENCE DUE DILIGENCE REQUIREMENTS EMBEZZLEMENT ETHICS EXCHANGE COMMISSION EXCHANGE CONTROLS EXCHANGE RATE EXPOSURE EXTRADITION FEDERAL GOVERNMENT FIGHT AGAINST CORRUPTION FINANCE COMPANIES FINANCES FINANCIAL COMPANIES FINANCIAL CRIME FINANCIAL INSTITUTION FINANCIAL INSTITUTIONS FINANCIAL INTELLIGENCE FINANCIAL INTELLIGENCE UNIT FINANCIAL MARKETS FINANCIAL SECTOR FINANCIAL SECTOR ASSESSMENT FINANCIAL SYSTEMS FIXED ASSETS FOREIGN BANKS FOREIGN CURRENCY FOREIGN DIRECT INVESTMENT FOREIGN EXCHANGE FOREIGN FINANCIAL INSTITUTIONS FOREIGN GOVERNMENTS FOREIGN INVESTMENT FORMAL BANKING FORMAL FINANCIAL SERVICES FRAUD FRAUDULENT PRACTICES FUND MANAGEMENT FUTURES GOOD GOVERNANCE GROSS DOMESTIC PRODUCT GROWTH RATE HARMONIZATION HOLDING HOUSING FINANCE IMMOVABLE PROPERTY INCOME INCOME TAX INSURANCE INSURANCE COMPANIES INSURANCE INDUSTRY INSURANCE PENETRATION INTEGRITY INTEREST RATE INTERNAL CONTROLS INTERNATIONAL COOPERATION INVESTIGATION INVESTIGATIONS INVESTING INVESTMENT BANKING INVESTMENT BANKS ISLAMIC BANKING ISLAMIC BANKS ISLAMIC FINANCE JUDICIAL SYSTEM JUDICIARY JURISDICTIONS JUSTICE LAW ENFORCEMENT LEADERSHIP LEGAL FRAMEWORK LEGAL SYSTEM LEGAL SYSTEMS LIFE INSURANCE LIFE INSURANCE COMPANIES LIFE INSURANCE CONTRACTS LIQUID SECURITIES LOCAL CURRENCY LOCAL GOVERNMENT LOSS OF REVENUE MARKET CAPITALIZATION MARKET PARTICIPANTS MARKET SHARE MICROFINANCE MICROFINANCE INSTITUTIONS MISAPPROPRIATION MONEY LAUNDERING MONEY MARKET MONEY MARKET INSTRUMENTS MORTGAGE MORTGAGE CREDIT MUTUAL FUND MUTUAL FUNDS MUTUAL LEGAL ASSISTANCE NATIONAL SAVINGS NEGOTIABLE INSTRUMENTS NONPROFIT ORGANIZATION OFFENSES OFFICE HOLDER OPERATIONAL INDEPENDENCE OWNERSHIP STRUCTURE PENALTIES PENSION PENSION FUNDS POLICE POLICE OFFICER POLICE OFFICERS POLITICAL SYSTEM PORTFOLIO PORTFOLIO MANAGEMENT POST BANKS PRIVATE BANKS PRIVATE EQUITY PRIVATE SECTOR BANKS PROSECUTION PROSECUTIONS PROSECUTORS PROVISION OF FUNDS PRUDENTIAL REGULATIONS PUBLIC POLICY PUBLIC SECTOR COMMERCIAL BANKS RE-INSURANCE REAL ESTATE REAL ESTATE INVESTMENT REGULATOR REGULATORS REGULATORY FRAMEWORK REGULATORY OVERSIGHT REGULATORY REQUIREMENTS REMITTANCE REMITTANCE SERVICES REMITTANCES REMOTE AREAS ROBBERY SANCTION SANCTIONS SAVINGS SAVINGS BANK SECURITIES SECURITIES EXCHANGE SECURITIES ISSUES SECURITIES MARKET SERVICE DELIVERY STATE BANK STOCK EXCHANGE STOCK EXCHANGES SUPERVISORY AUTHORITIES SUPERVISORY POWERS SUSTAINABLE DEVELOPMENT TAX LIABILITIES TECHNICAL ASSISTANCE TERRORISM TRADING TRADITIONAL BANKING TRANSACTION TRANSFERABLE SECURITIES TRANSPARENCY TREASURY TRIAL TRIALS TRUST DEED TRUSTEES TURNOVER VALUE TRANSFER VENTURE CAPITAL VENTURE CAPITAL FUNDS WIRE TRANSFER 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. 2013-02-05T18:11:13Z 2013-02-05T18:11:13Z 2009-07-09 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 English en_US CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank Asia/Pacific Group on Money Laundering and World Bank Economic & Sector Work :: Other Financial Sector Study Economic & Sector Work South Asia Pakistan |