An Appraisal of Anti-Money Laundering Legal Regime of Pakistan with Global Standards

For the last two decades Money Laundering (ML) has become a major concern of the international community. Therefore, the international forums and various governments around the globeare contributing to address this problem. Although it is very hard to find out ill-gotten money but various ways, methods and techniques are explored to make it fruitful and attuned with the existing laws of the country to stop ML. This article aims to evaluate the efficacy of Pakistan's Anti Money Laundering Regulatory Regime in the light of International Standards. While focusing on these issues, the article will further assess that whether Pakistani legislation is compatible with the International Standards and if not then a rational approach will be adopted to explore a way forward for Pakistan to fulfill its international obligations.