The Asia/Pacific Group on Money Laundering (APGML) has issued the second follow-up report (FUR) on the mutual evaluation of Pakistan. This FUR evaluates Pakistan’s progress in addressing the technical compliance deficiencies that the Group had identified in its mutual evaluation report (MER) published in October 2019.
The report identifies that Pakistan has made significant progress in addressing the technical compliance deficiencies identified in its MER. As such, the APGML has re-rated Pakistan’s technical compliance on 22 Recommendations.
On Recommendations 14, 19, 20, 21 and 27, the APGML has re-rated Pakistan to ‘compliant’. Meanwhile, on Recommendations 1, 6, 7, 8, 12, 17, 22, 23, 24, 25, 30, 31, 32, 35 and 40, the Group has re-rated Pakistan to ‘largely compliant’. Furthermore, Pakistan’s compliance on Recommendation 28 has been re-rated ‘partially compliant’, while it has become ‘non-compliant’ with Recommendation 37. The country’s progress has been inadequate with regard to Recommendation 8. This is why the Group has not re-rated Pakistan on this Recommendation.