September 24, 2020: Adviser to the Prime Minister on Finance and Revenue Dr. Abdul Hafeez Shaikh chaired the 16th meeting of the National Executive Committee( NEC) on Anti- Money Laundering here at the Finance Division.
DG FMU shared the progress on the FATF Action plan including the update on the face to face meeting with the joint group in the current month. She briefed that Pakistan has demonstrated robust progress towards the completion of its ICRG Action plan irrespective of the challenges of COVID-19. It was further briefed in the meeting that Pakistan has amended 15 laws for addressing the shortcomings in accordance with FATF and APG recommended actions.
In the meeting the guidelines for improving the capacity of the Law Enforcement Agencies in carrying out investigations and prosecution of money laundering cases were also approved. Approval was also given for Rules regarding CDNS and Pakistan Post which will be later be approved by the Federal Government besides this there was a discussion on the follow up actions based on amendments in the AML Act 2010.
