Jurisdictional Approaches to Regulating and Supervising VA Activities and VASPs
Following the analysis of the Financial Action Task Force’s (FATF) guidance for a risk-based approach …
Pakistan Invokes Interchange Fee Cap In Digital Payments Drive
Pakistan’s central bank has introduced caps on interchange fees and discounts for merchants amid a …
U.S. Official Plays Down De-Risking Fears As Pakistan Faces FATF Blacklist
A U.S. government official has played down the risk of Pakistan’s remittance sector being shut …
Pakistan Gets FATF Lifeline As Iceland Joins Watchlist
Pakistan has been granted a further lifeline by the Financial Action Task Force (FATF) to …
Pakistan: State Bank Issues Framework for Managing Risks of Trade-Based Money Laundering and Terrorist Financing
On October 14, 2019, the Exchange Policy Department of the State Bank of Pakistan (SBP) published …
Pakistan: Parliament Passes Anti-Money Laundering (Amendment) Bill 2019
On September 30, 2019, the National Assembly approved a bill to enhance penalties and sanctions …
FATF Blacklisting Looms For Pakistan After Critical Evaluation
Pakistan authorities have come under heavy criticism for poor oversight and enforcement within the country’s …
Pakistan Seeks Relief From High-Risk Status With Sanctions Overhaul
Pakistan has stepped up its efforts to be scratched off the Financial Action Task Force’s …
Pakistan: State Bank Launches Regulatory Framework for E-Money Institutions
On April 1, 2019, the State Bank of Pakistan (SBP) released a circular announcing the …