Governor SBP attends Asia Pacific Group meeting

KARACHI: The Asia-Pacific Group on Money Laundering (APG), held its 22nd Annual Meeting in Canberra.

A senior level delegation from Pakistan headed by Dr. Reza Baqir, Governor State Bank of Pakistan, attended the meeting.
The meeting adopted Pakistan’s third Mutual Evaluation Report (MER).

The MER covers the period February to October 2018.

Meeting identifies a number of areas where further actions are required to strengthen the AML/CFT framework.

Pakistan delegation ensured effective implementation of the FATF Action Plan.

The report does not cover the areas in which Government of Pakistan has made substantial progress since October 2018.

The delegation welcomed engagement with the international community in its efforts to countering terrorism and money laundering.

The delegation briefed APG members on the steps taken in recent times for improving its AML/CFT.

The Pakistan delegation also held a number of bilateral meetings with key delegations to brief them on recent progress by Pakistan in implementing the FATF Action Plan.

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