Friday, 18 September, 2020 – 06:09
Before almost every FATF meeting in the recent past there have been comments that Pakistan will be removed from the “Grey List”. We’ve heard about legal and regulatory changes to make that happen.
Now legislation has squeaked through the parliamentary process with a majority of less than 5%. And many amendments, some aimed at defeating the law and some at tightening it, were defeated.
But passing law isn’t the same as applying law.
The next few months will be interesting.
Whatever happens, don’t pay attention to Public Relations statements – they cannot be anything but wishful thinking.
For more information see https://www.aa.com.tr/en/asia-pacific/pakistan-parliament-passes-anti-money-laundering-bills/1976517
© 2020 Nigel Morris-Cotterill
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