A joint sitting of parliament on Wednesday approved Bills to meet theFATF’s requirements to remove the country from the Financial Action TaskForce’s grey list.
The bills introduced by Babar Awan, Advisor to the Prime Minister onParliamentary Affairs, include the Capital Islamabad Waqf Property Bill,2020 and the Anti-Money Laundering Amendment Bill, 2020.
The Capital Islamabad Waqf Property Billlinkto monitor the proper management of waqf properties within the territoriallimits of Islamabad.
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The purpose of the Anti-Money Laundering Amendment Bill 2020 is to bringthe existing anti-money laundering law into the national mainstream inaccordance with international standards under the Financial Action TaskForce.
