Anti Money Laundering Act 2020 Pakistan Pdf

Introduction purpose and scope i anti money laundering and countering the financing of terrorism aml cft regime requires financial institutions to understand their money laundering ml terrorist financing tf and proliferation.

Anti money laundering act 2020 pakistan pdf. The securities and exchange commission of pakistan act 1997 with up to date amendments. Na panel passes anti money laundering 2nd amend bill 2020 islamabad. Preamble of this act says whereas it is expedient to provide for prevention of money laundering combating financing of terrorism and forfeiture of property derived from or involved in money laundering or financing of terrorism and for matters connected therewith or incidental thereto. 3 it shall come into force at once 2.

The national assembly s standing committee on finance on monday approved the anti money laundering aml 2nd amendment bill 2020 with majority. Acts secp companies appointment act central depositories act securities 7 exchange commission of pakistan act anti money laundering act stock exchanges act securities act corporate. 2 it shall come into force at once. 1 this act may be called the anti money laundering second amendment act 2020.

The securities and exchange commission of pakistan is a regulator established with the objective of developing a modern and efficient corporate sector. Download share page via email. Securities and exchange commission of pakistan aml cft regulations 2018 1. Anti money laundering act 2010.

Companies amendment act 2020 gazette copy october 2. 3 banking business shall include the businesses stipulated under section 7 of bco. Sro 1113 i 2020 draft amendment to the companies distribution of dividends. Short title extent and commencement 1 this act may be called the anti money laundering act 2010.

From or involved in money laundering or financing of terrorism and for matters connected therewith or incidental thereto. Substitution of section 2 act vii of 2010 in the anti money laundering act 2010 act vii of 2010 hereinafter referred to as the said act for section 2 the following shall be substituted namely 2. U î ì í ñ z. 1 act means the anti money laundering act 2010 as updated from time to time.

2 bank or banking company shall have the same meaning as under section 5 of the bco.