Pakistan's Legislative Progress on FATF Stipulations in 2020

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See all articles by Usman W. Chohan

Usman W. Chohan

UNSW Business School; Critical Blockchain Research Initiative (CBRI); International Association of Hyperpolyglots (HYPIA); Centre for Aerospace & Security Studies (CASS)

Date Written: January 9, 2021

Abstract

Since being put on the Financial Action Task Force’s (FATF) “grey list” in 2018, Pakistan has made great strides in reforming its financial architecture through legislation. The aim of this paper is to consider the new and amended legislative acts that have been passed in 2020 to conform with the FATF’s stipulations. The findings of the paper highlight a significant legislative effort, but conclude that lawmaking is only the first step - it is also the enforcement of these laws that will ultimately bring meaningful reform.

Keywords: FATF, money laundering, terrorism, economic warfare, sanctions, Pakistan

Suggested Citation

Chohan, Usman W., Pakistan's Legislative Progress on FATF Stipulations in 2020 (January 9, 2021). Available at SSRN: https://ssrn.com/abstract=

Usman W. Chohan (Contact Author)

UNSW Business School ( email )

UNSW Business School
High St
Sydney, NSW 2052
Australia

Critical Blockchain Research Initiative (CBRI) ( email )

International Association of Hyperpolyglots (HYPIA) ( email )

HYPIA
www.polyglotassociation.org
Montreal, Quebec
Canada

Centre for Aerospace & Security Studies (CASS) ( email )

Islamabad
Pakistan

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