In March 2023, Global AML index places Pakistan in the _____ risk category.

A. Low
B. Medium
C. High
D. Alert

Answer

Correct Answer: B. Medium


Detail About MCQs

Following Pakistan`s exit from the Financial Action Task Force`s (FATF) grey list, a global body of banking supervisory authorities has acknowledged the progress made by the country in the overall regulation of the financial affairs slightly lowering the risk score of the country. `Pakistan`s overall ML/TF [money laundering and terrorist financing] risk score in the Basel AML Index (Public Edition) is 6.16. This places it in the medium-risk category compared to other global jurisdictions.