Lex Legal Practice advises VASP on AML policy localisation & goAML registration with Pakistan's FMU

Lex Legal Practice is advising a Virtual Asset Service Provider on the localisation of its anti-money laundering (AML) policies for compliance with the laws of Pakistan, and on goAML registration with the Financial Monitoring Unit (FMU) of Pakistan.

The engagement involves adapting the client's global AML/CFT framework to Pakistan's statutory and regulatory requirements, including customer due diligence, transaction monitoring, record-keeping, and suspicious transaction reporting obligations, so that the localised policy suite is fit for operational deployment in Pakistan.

Registration on the FMU's goAML platform is the operational backbone of suspicious transaction and currency transaction reporting in Pakistan, and forms a core component of the compliance infrastructure that VASPs are expected to have in place as the licensing regime takes effect.