{"id":68518,"date":"2020-07-26T10:28:00","date_gmt":"2020-07-26T05:28:00","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=68518"},"modified":"2020-07-24T18:37:50","modified_gmt":"2020-07-24T13:37:50","slug":"fatf-requirements-govt-designate-additional-regulatory-authorities","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/fatf-requirements-govt-designate-additional-regulatory-authorities.html","title":{"rendered":"FATF Requirements: Govt to designate additional regulatory authorities"},"content":{"rendered":"\n<p>Islamabad: The federal government is looking to assign additional regulatory authority to both public and private bodies in its efforts to tackle money laundering \u2014 with the initiative aimed at meeting the requirements of the Financial Action Task Force (FATF), a news source reported on July 24.<\/p>\n\n\n\n<p>Read: <a href=\"https:\/\/www.zameen.com\/news\/cabinet-review-amendments-company-laws-comply-fatf-requirements.html\" target=\"_blank\" rel=\"noreferrer noopener\">Cabinet to review amendments in company laws to comply with FATF requirements<\/a><\/p>\n\n\n\n<p>The government is introducing the measure with a view to effectively regulate high-risk businesses and professions that are prone to money laundering and terror financing.<\/p>\n\n\n\n<p>Recently, the government had also approved amendments in the Anti-Money Laundering Act 2010, which will now be tabled before the parliament for approval. The law had been amended a few months ago, but the government had not been able to meet all the requirements back then; which is why it needs to be amended again.<\/p>\n\n\n\n<p>Read: <a href=\"https:\/\/www.zameen.com\/news\/pakistan-compliant-major-fatf-conditions.html\" target=\"_blank\" rel=\"noreferrer noopener\">Pakistan compliant with major FATF conditions<\/a><\/p>\n\n\n\n<p>The joint group of the FATF is expected to meet in September to review Pakistan\u2019s performance \u2014 with the said amendments to be placed before a FATF plenary session at this time.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Islamabad: The federal government is looking to assign additional regulatory authority to both public and private bodies in its efforts to tackle money laundering \u2014 with the initiative aimed at meeting the requirements of the Financial Action Task Force (FATF), a news source reported on July 24. Read: Cabinet to review amendments in company laws to comply with FATF requirements The government is introducing the measure with a view to effectively regulate high-risk businesses and professions that are prone to money laundering and terror financing. Recently, the government had also approved amendments in the Anti-Money Laundering Act 2010, which will now be tabled before the parliament for approval. The law had been amended a few months ago, but the government had not been able to meet all the requirements back then; which is why it needs to be amended again. Read: Pakistan compliant with major FATF conditions The joint group of the FATF is expected to meet in September to review Pakistan\u2019s performance \u2014 with the said amendments to be placed before a FATF plenary session at this time.<\/p>\n","protected":false},"author":57,"featured_media":63188,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15015],"tags":[35653,35652],"persona":[],"class_list":{"0":"post-68518","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-legal-taxation","8":"tag-fatf-requirements-govt-to-designate-additional-regulatory-authorities","9":"tag-financial-action-task-force-fatf","10":"cat-15015-id"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>FATF: Govt to designate additional regulatory authorities - Zameen News<\/title>\n<meta name=\"description\" content=\"Islamabad: The federal government is looking to assign additional regulatory authority to both public and private bodies in its efforts to tackle money laundering \u2014 with the initiative aimed at meeting the requirements of the Financial Action Task Force (FATF), a news source reported on July 24.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.zameen.com\/news\/fatf-requirements-govt-designate-additional-regulatory-authorities.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"FATF: Govt to designate additional regulatory authorities - Zameen News\" \/>\n<meta property=\"og:description\" content=\"Islamabad: The federal government is looking to assign additional regulatory authority to both public and private bodies in its efforts to tackle money laundering \u2014 with the initiative aimed at meeting the requirements of the Financial Action Task Force (FATF), a news source reported on July 24.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/fatf-requirements-govt-designate-additional-regulatory-authorities.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; Pakistan Property News &amp; Latest Updates - Zameen News\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/ZameenPK\" \/>\n<meta property=\"article:published_time\" content=\"2020-07-26T05:28:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2020\/03\/GoP.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1170\" \/>\n\t<meta property=\"og:image:height\" content=\"400\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Muhammad Farhad\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@ZameenProperty\" \/>\n<meta name=\"twitter:site\" content=\"@ZameenProperty\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Muhammad Farhad\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"FATF: Govt to designate additional regulatory authorities - Zameen News","description":"Islamabad: The federal government is looking to assign additional regulatory authority to both public and private bodies in its efforts to tackle money laundering \u2014 with the initiative aimed at meeting the requirements of the Financial Action Task Force (FATF), a news source reported on July 24.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.zameen.com\/news\/fatf-requirements-govt-designate-additional-regulatory-authorities.html","og_locale":"en_US","og_type":"article","og_title":"FATF: Govt to designate additional regulatory authorities - Zameen News","og_description":"Islamabad: The federal government is looking to assign additional regulatory authority to both public and private bodies in its efforts to tackle money laundering \u2014 with the initiative aimed at meeting the requirements of the Financial Action Task Force (FATF), a news source reported on July 24.","og_url":"https:\/\/www.zameen.com\/news\/fatf-requirements-govt-designate-additional-regulatory-authorities.html","og_site_name":"Pakistan Real Estate News &amp; 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