APG’s Follow-Up Report on Lao PDR notes modest progress in AML/CFT reforms, but enforcement weaknesses and implementation gaps still hinder full compliance with global standards

The report assesses technical compliance progress since Laos’ 2023 mutual evaluation and notes that deficiencies remain in the implementation of measures relating to enhanced due diligence and countermeasures for high-risk jurisdictions. APG also confirms that Laos continues to face significant AML/CFT weaknesses requiring intensified monitoring, with broader concerns persisting around supervision, financial intelligence, investigations, and enforcement effectiveness…