It is heartening to note that the Asia-Pacific Group on Money Laundering (APG), during its 22nd annual meeting held in Canberra has adopted Pakistan's third Mutual Evaluation Report (MER). A senior-level delegation from Pakistan headed by Dr Reza Baqir, Governor State Bank of Pakistan, attended the proceedings of the meeting during which the report was adopted.

That the Pakistani team had done its homework quite efficiently is a fact that has found its best expression from the briefing that it gave to APG members on the steps taken in recent times for improving its AML/CFT framework as well as the actions for ensuring effective implementation of The Financial Action Task Force (FATF) Action Plan. It is therefore quite likely that Pakistan will fully overcome the FATF challenge by October this year, In sha Allah.

Copyright Business Recorder, 2019