{"id":69128,"date":"2020-08-11T12:46:02","date_gmt":"2020-08-11T07:46:02","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=69128"},"modified":"2020-08-11T12:46:03","modified_gmt":"2020-08-11T07:46:03","slug":"na-committee-approves-amendments-anti-money-laundering-laws","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/na-committee-approves-amendments-anti-money-laundering-laws.html","title":{"rendered":"NA committee approves amendments in anti-money laundering laws"},"content":{"rendered":"\n<p>Islamabad: The National Assembly Standing Committee on Finance on Monday approved amendments to the country\u2019s anti-money laundering laws; allowing official investigators to arrest accused individuals without warrants, a news source reported. The amendments will also extend the scope of the punishment set for money laundering cases as well as arm the National Accountability Bureau (NAB) with additional powers.<\/p>\n\n\n\n<p>Read: <a href=\"https:\/\/www.zameen.com\/news\/fatf-joint-session-parliament-summoned-pass-legislation.html\" target=\"_blank\" rel=\"noreferrer noopener\">FATF Follow-Up: Joint session of parliament summoned to pass legislation<\/a><\/p>\n\n\n\n<p>Financial Monitoring Unit Director General Lubna Farooq stated that the bureau was a law enforcement body of the country and it had to be included in the list of agencies given additional powers under the new amendments; adding that such a move was necessary to meet the requirements of the Financial Action Task Force (FATF).<\/p>\n\n\n\n<p>Read: <a href=\"https:\/\/www.zameen.com\/news\/na-passes-two-bills-meet-fatf-requirements.html\" target=\"_blank\" rel=\"noreferrer noopener\">NA passes two bills to meet FATF requirements<\/a><\/p>\n\n\n\n<p>Pakistan had been placed on FATF\u2019s grey list based on findings that the country\u2019s anti-money laundering and counter-terrorism efforts and laws did not meet the international standards. The country has until August 14 to pass all the requisite legislative formalities in order to comply with the 27-point requirements of FATF. The same will be placed before the FAFT plenary committee in September.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Islamabad: The National Assembly Standing Committee on Finance on Monday approved amendments to the country\u2019s anti-money laundering laws; allowing official investigators to arrest accused individuals without warrants, a news source reported. The amendments will also extend the scope of the punishment set for money laundering cases as well as arm the National Accountability Bureau (NAB) with additional powers. Read: FATF Follow-Up: Joint session of parliament summoned to pass legislation Financial Monitoring Unit Director General Lubna Farooq stated that the bureau was a law enforcement body of the country and it had to be included in the list of agencies given additional powers under the new amendments; adding that such a move was necessary to meet the requirements of the Financial Action Task Force (FATF). Read: NA passes two bills to meet FATF requirements Pakistan had been placed on FATF\u2019s grey list based on findings that the country\u2019s anti-money laundering and counter-terrorism efforts and laws did not meet the international standards. The country has until August 14 to pass all the requisite legislative formalities in order to comply with the 27-point requirements of FATF. The same will be placed before the FAFT plenary committee in September.<\/p>\n","protected":false},"author":57,"featured_media":60701,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15015],"tags":[21009,33954],"persona":[],"class_list":{"0":"post-69128","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-legal-taxation","8":"tag-anti-money-laundering","9":"tag-fatf-requirements","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>NA committee approves new anti-money laundering laws - Zameen News<\/title>\n<meta name=\"description\" content=\"Islamabad: The National Assembly Standing Committee on Finance on Monday approved amendments to the country\u2019s anti-money laundering laws; allowing official investigators to arrest accused individuals without warrants, a news source reported.\" \/>\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\/na-committee-approves-amendments-anti-money-laundering-laws.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"NA committee approves new anti-money laundering laws - Zameen News\" \/>\n<meta property=\"og:description\" content=\"Islamabad: The National Assembly Standing Committee on Finance on Monday approved amendments to the country\u2019s anti-money laundering laws; allowing official investigators to arrest accused individuals without warrants, a news source reported.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/na-committee-approves-amendments-anti-money-laundering-laws.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=\"2020-08-11T07:46:02+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-08-11T07:46:03+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2020\/01\/Senate.jpg\" \/>\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\/jpeg\" \/>\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":"NA committee approves new anti-money laundering laws - Zameen News","description":"Islamabad: The National Assembly Standing Committee on Finance on Monday approved amendments to the country\u2019s anti-money laundering laws; 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