On 26 August, FATF published the 4th follow-up report on Pakistan, saying that overall, Pakistan has made good progress in addressing the technical compliance deficiencies identified in its MER and has been re-rated on the following FATF Recommendations – Recommendation 28 is re-rated Largely Compliant; Recommendation 33 is re-rated Compliant; Recommendation 37 is re-rated Largely Compliant; and Recommendation 38 is re-rated Partially Compliant. It has FATF 38 Recommendations rated C/LC and will remain in enhanced follow-up and will continue to report back to the FATF-style regional body, APG, on progress to strengthen its implementation of AML/CFT measures. The next progress report is due 1 February.
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