NA passes four bills to fulfill FATF obligations

August 24, 2020: The National Assembly today passed four bills aimed at fulfilling the obligations of the Financial Action Task Force to bring the country out of FATF’s grey list.

The bills moved by Prime Minister’s Advisor on Parliamentary Affairs Dr. Babar Awan included “The Limited Liability Partnership (Amendment) Bill 2020”, “The Companies (Amendment) Bill 2020”, “The Anti-Money Laundering (Second Amendment) Bill, 2020”, and “The Islamabad Capital Territory Waqf Properties Bill, 2020.”

“The Limited Liability Partnership (Amendment) Bill, 2020” and “The Companies (Amendment) Bill, 2020” will ensure compliance with FATF’s recommendations on anti-money laundering and countering the financing of terrorism by strengthening existing laws.

 

Radio Pakistan

Posted on: 2020-08-24T22:50:00+05:00

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