{"id":69618,"date":"2020-08-25T12:24:13","date_gmt":"2020-08-25T07:24:13","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=69618"},"modified":"2020-08-25T12:24:14","modified_gmt":"2020-08-25T07:24:14","slug":"govt-gains-na-approval-for-passing-2-more-fatf-bills","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/govt-gains-na-approval-for-passing-2-more-fatf-bills.html","title":{"rendered":"Govt gains NA approval for passing 2 more FATF bills"},"content":{"rendered":"\n<p>Islamabad: The federal government on Monday gained the National Assembly\u2019s (NA) approval for passing two new Financial Action Task Force (<a href=\"https:\/\/www.zameen.com\/news\/senate-approves-two-bills-to-comply-with-fatf-conditions.html\" target=\"_blank\" rel=\"noreferrer noopener\">FATF<\/a>)-related bills \u2013 the Anti-Money Laundering (Second Amendment) Bill and the Islamabad Capital Territory (ICT) Waqf Properties Bill, according to news sources.<\/p>\n\n\n\n<p><strong>Read: <\/strong><a href=\"https:\/\/www.zameen.com\/news\/sindh-finance-bill-2020-passed-abolish-cvt-construction-real-estate-sectors.html\" target=\"_blank\" rel=\"noreferrer noopener\">Sindh Finance Bill 2020 passed to abolish CVT on construction, real estate sectors<\/a><\/p>\n\n\n\n<p>The Anti-Money Laundering (Second Amendment) Bill, 2020, seeks increased penalty for money-laundering individuals and also seeks timely intimation and information from financial institutes on suspicious transactions. Also, these institutes will be required to maintain transaction records for a period of five years.<\/p>\n\n\n\n<p>As for the Islamabad Capital Territory Waqf Properties Bill, 2020; it is related to the proper administration and management of the waqf properties within the Islamabad Capital Territory (ICT).<\/p>\n\n\n\n<p><strong>Read:<\/strong><a href=\"https:\/\/www.zameen.com\/news\/rent-control-bill-expected-tabled-before-na-next-session.html\"> <\/a><a href=\"https:\/\/www.zameen.com\/news\/rent-control-bill-expected-tabled-before-na-next-session.html\" target=\"_blank\" rel=\"noreferrer noopener\">Rent Control Bill expected to be tabled before NA in next session<\/a><\/p>\n\n\n\n<p>The assembly further approved some changes made to the already-approved Companies (Amendment) Bill and the Limited Liability Partnership Bill. Reportedly, the government made a full-appearance at the house and bills were approved in the presence of all members of the federal cabinet and the treasury members.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Islamabad: The federal government on Monday gained the National Assembly\u2019s (NA) approval for passing two new Financial Action Task Force (FATF)-related bills \u2013 the Anti-Money Laundering (Second Amendment) Bill and the Islamabad Capital Territory (ICT) Waqf Properties Bill, according to news sources. Read: Sindh Finance Bill 2020 passed to abolish CVT on construction, real estate sectors The Anti-Money Laundering (Second Amendment) Bill, 2020, seeks increased penalty for money-laundering individuals and also seeks timely intimation and information from financial institutes on suspicious transactions. Also, these institutes will be required to maintain transaction records for a period of five years. As for the Islamabad Capital Territory Waqf Properties Bill, 2020; it is related to the proper administration and management of the waqf properties within the Islamabad Capital Territory (ICT). Read: Rent Control Bill expected to be tabled before NA in next session The assembly further approved some changes made to the already-approved Companies (Amendment) Bill and the Limited Liability Partnership Bill. Reportedly, the government made a full-appearance at the house and bills were approved in the presence of all members of the federal cabinet and the treasury members.<\/p>\n","protected":false},"author":75,"featured_media":60701,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15015],"tags":[35652,37645,37644],"persona":[],"class_list":{"0":"post-69618","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-legal-taxation","8":"tag-financial-action-task-force-fatf","9":"tag-govt-gains-na-approval-for-passing-2-more-fatf-bills","10":"tag-islamabad-capital-territory-waqf-properties-bill","11":"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>Govt gains NA approval for passing 2 more FATF bills - Zameen News<\/title>\n<meta name=\"description\" content=\"The federal government on Monday gained the National Assembly\u2019s (NA) approval for passing two new Financial Action Task Force (FATF)-related bills\" \/>\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\/govt-gains-na-approval-for-passing-2-more-fatf-bills.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Govt gains NA approval for passing 2 more FATF bills - Zameen News\" \/>\n<meta property=\"og:description\" content=\"The federal government on Monday gained the National Assembly\u2019s (NA) approval for passing two new Financial Action Task Force (FATF)-related bills\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/govt-gains-na-approval-for-passing-2-more-fatf-bills.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; 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