The federal Minister for Finance and Revenue Dr. Abdul Hafeez Shaikh chaired the seventeenth meeting of the National Executive Committee (NEC) on Anti-Money Laundering at the Finance Division today In his opening remarks, Minister Shaikh commended the efforts of the National Executive Committee ...

2020 Adviser to the Prime Minister on Finance and Revenue Dr. Abdul Hafeez Shaikh chaired the 16th meeting of the National Executive Committee on Anti-Money Laundering in Islamabad on Thursday. Director General Financial Monitoring Unit shared the progress on the FATF Action Plan including the ...

Pakistan and UAE have signed an important Memorandum of Understanding over the anti money laundering and terror financing. Pakistan’s envoy in the United Arab Emirates Ghulam Dastagir has said that the recently signed Memorandum of Understanding (MoU) between the two countries to curb money ...

ISLAMABAD - Pakistan takes stringent measures against Money Laundering with several new steps. The Senate Standing Committee on Finance passed Anti Money Laundering (Amendment) Bill, 2019 on Friday with several recommendations including the increase in fines to ten million rupees and ten years ...

ISLAMABAD - The Securities and Exchange Commission of Pakistan (SECP) has issued revised and more elaborative Anti Money Laundering and Counter Financial Terrorism (AML/CFT) Guidelines for Non-Profit Organizations (NPOs). The new guidelines explicitly highlights the consequences of ...

ISLAMABAD - An anti-money laundering and combating the financing of terrorism cell has been established at National Accountability Bureau, Islamabad. The cell, to be headed by Director General Operations NAB Headquarters Zahir Shah, will have five members. The main responsibilities of the cell ...

ISLAMABAD – Anti Money laundering Bill 2019 has been passed by Parliament, Important features of the new act have been revealed. As per the media report, National Assembly on Monday passed Anti-Money Laundering (Amendment) Bill, 2019 with a clear majority. The bill was moved by Minister of ...

*ISLAMABAD: *The State bank of Pakistan, for the first time in its history, has imposed Rs186 million fine on four banks owing to non-implementation of anti-money laundering (AML) laws. Documents available with this scribe disclosed that the central bank has decided to charge four commercial ...

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 ...

ISLAMABAD - The government has decided to amend the Anti-Money Laundering Act 2010 to bring individuals involved in money laundering to the book. This was apprised during a high-level meeting chaired by Prime Minister Imran Khan in Islamabad on Wednesday. Law Minister Muhammad Farogh Nasim ...