Anti Money laundering and Foreign Exchange Regulations Bill approved by NA Committee
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ISLAMABAD - The National Assembly’s Standing Committee on Finance and Revenue on Tuesday unanimously passed two revised bills, including the Foreign Exchange Regulation (Amendment) Bill, 2019, and the Anti Money laundering (Amendment) Bill, 2019.
Besides. the committee recommended that the bills might be passed by the Assembly – seeking amendments in order to meet requirements of the Financial Action Task Force (FATF).
Thereby, now travelling within the country with the amount of $10,000 or more requires permission from the State Bank of Pakistan.
Earlier, the state implemented restriction in travelling abroad while carrying $10,000 or more.
