Pakistan faces risk of corruption-related money laundering
PK
Home IMF reports says Pakistan's anti-money laundering enforcement compromised by political pressure, weak oversight The International Monetary Fund has said that Pakistan faces significant risks of corruption-related money laundering, while accountability remains weak, as high-profile or politically sensitive cases often face external interference that limits the independence of investigations. “Pakistan faces significant risks of corruption-related money laundering. High-risk sectors include banking, real estate, construction, politically exposed persons, and public procurements,” states the Governance and Corruption Diagnostic Report released by the Ministry of Finance on November 19. The report added that the misuse of corporate vehicles, shell companies, and informal value transfer systems are common techniques used to conceal the origins of corruption proceeds in Pakistan. The International Monetary Fund (IMF) said judicial constraints have further weakened enforcement outcomes, with delays in prosecution, lengthy trial processes, and low conviction rates reducing the deterrent effect of anti-money laundering (AML) enforcement.
Published: November 20, 2025 3:58 pm
Source: The Express Tribune — Read original