📌 Key Highlights & Quick Takeaways:
- A meeting was held under the chairmanship of the Finance Minister to review the AML and CFT system of Pakistan.
- According to the declaration of the 19th session of the National Executive Committee, the change in the currency transaction report limit in.
- Whereas section 28 of the Maritime Zones Act 2023 was approved to be included in Schedule One of the Anti-Money Laundering Act and Virtual A.
A meeting was held under the chairmanship of the Finance Minister to review the AML and CFT system of Pakistan.
According to the declaration of the 19th session of the National Executive Committee, the change in the currency transaction report limit in the suspicious financial transaction reporting system was approved.
Whereas section 28 of the Maritime Zones Act 2023 was approved to be included in Schedule One of the Anti-Money Laundering Act and Virtual Assets Regulatory Authority was approved to be included in Schedule Four of the Anti-Money Laundering Act.
According to the announcement, the finance minister directed the relevant institutions to ensure timely implementation of measures to prevent money laundering.
It further said that progress in Pakistan's anti-money laundering and counter-terrorism financing system was reviewed and directed to strengthen coordination and cooperation among relevant agencies to counter money laundering.
