Top Story
May 11, 2021
ISLAMABAD: The federal government decided to form new institutions to meet the Financial Action Task Force s (FATF) requirements, sources said on Monday.
In preparation for the report to be presented at the FATF meeting in the third week of June, work has begun on amendments to the Anti-Money Laundering Act and anti-terrorist financing laws. It is pertinent to mention the federal cabinet had approved the amendments. The National Counter-Terrorism Authority, Interior Ministry, Law Ministry, Federal Board of Revenue, and Finance Ministry are working to bring amendments to these laws.
Following the amendments, the cases of anti-money laundering and counter-terrorism financing will be investigated by specialised agencies.
Top Story
May 11, 2021
ISLAMABAD: The federal government decided to form new institutions to meet the Financial Action Task Force s (FATF) requirements, sources said on Monday.
In preparation for the report to be presented at the FATF meeting in the third week of June, work has begun on amendments to the Anti-Money Laundering Act and anti-terrorist financing laws. It is pertinent to mention the federal cabinet had approved the amendments.
The National Counter-Terrorism Authority, Interior Ministry, Law Ministry, Federal Board of Revenue, and Finance Ministry are working to bring amendments to these laws.
Following the amendments, the cases of anti-money laundering and counter-terrorism financing will be investigated by specialised agencies. The specialised institutions would work with FBR, FMU, NACTA, FIA, ANF, NAB, and provincial anti-corruption departments, sources said. Dozens of special public prosecutors will be appointed in these institutions.
Top Story
May 11, 2021
ISLAMABAD: The federal government decided to form new institutions to meet the Financial Action Task Force s (FATF) requirements, sources said on Monday.
In preparation for the report to be presented at the FATF meeting in the third week of June, work has begun on amendments to the Anti-Money Laundering Act and anti-terrorist financing laws.
It is pertinent to mention the federal cabinet had approved the amendments.
The National Counter-Terrorism Authority, Interior Ministry, Law Ministry, Federal Board of Revenue, and Finance Ministry are working to bring amendments to these laws.
Following the amendments, the cases of anti-money laundering and counter-terrorism financing will be investigated by specialised agencies. The specialised institutions would work with FBR, FMU, NACTA, FIA, ANF, NAB, and provincial anti-corruption departments, sources said. Dozens of special public prosecutors will be appointed in these institutions.
In bid to meet FATF s demands, govt to form new institutions, say sources
Pakistan
The Financial Action Task Force s (FATF) logo. FATF/File
In a bid to meet the Financial Action Task Force s (FATF) demands, the federal government on Monday decided to form new institutions, sources told Geo News.
In preparation for the report to be presented at the FATF meeting in the third week of June, work has begun on amendments to the Anti-Money Laundering Act and anti-terrorist financing laws.
It is pertinent to mention the federal cabinet had approved the amendments.
The National Counter-Terrorism Authority, Interior Ministry, Law Ministry, Federal Board of Revenue, and Finance Ministry are working to bring amendments to these laws.
Pakistan to form new institutions to meet FATF requirements: sources
By
Work has begun on amendments to the Anti-Money Laundering Act and anti-terrorist financing laws.
All investigative agencies will be obliged to share intelligence, sources say.
The federal government decided to form new institutions to meet the Financial Action Task Force s (FATF) requirements, sources said on Monday.
In preparation for the report to be presented at the FATF meeting in the third week of June, work has begun on amendments to the Anti-Money Laundering Act and anti-terrorist financing laws.
It is pertinent to mention the federal cabinet had approved the amendments.