ISLAMABAD: The Federal Board of Revenue (FBR) has released comprehensive guidelines, outlined in Customs General Order (CGO) No. 01 of 2023, aimed at fortifying the Anti-Money Laundering (AML) and Counter Financing Terrorism (CFT) mechanism for Pakistan Customs.
ISLAMABAD: Federal Board of Revenue (FBR) on Tuesday issued rules to make recovery from jewelers and real estate agents under money laundering cases.
ISLAMABAD: Hammad Azhar, Federal Minister for Energy, will continue to act as chairman of the National Coordination Group of Anti-Money Laundering (AML) / Combating of Financing of Terrorism, (CFT), a statement said on Wednesday. Owing to the recent change of portfolios in the Prime Minister’s Cabinet, the Cabinet Division, Islamabad has notified that Muhammad Hammad […]
ISLAMABAD: Every cash transaction for sale and purchase of a housing unit of above Rs2 million is required to be reported under anti-money laundering (AML) / Counter Financing of Terrorism (CFT) to comply with conditions of Financial Action Task Force (FATF), the Federal Board of Revenue (FBR) said on Monday. The FBR issued guidelines to […]
KARACHI: First Paramount Modaraba managed by Paramount Investments Limited on Wednesday announced the launch of its new Anti-Money Laundering (AML)/Countering Financing of Terrorism (CFT) screening facility for financial sector and other businesses. In a letter to Pakistan Stock Exchange (PSX) on Wednesday, the company launched the AML/CFT screening in partnership with FinScan®, a global leader […]
KARACHI: The State Bank of Pakistan (SBP) on Wednesday issued the Anti-Money Laundering, Combating the Financing of Terrorism & Counter Proliferation Financing (AML/ CFT/ CPF) Regulations for banks and other financial institutions, which shall supersede previous regulations/instructions. Under the new regulations, the SBP issued the list of information, which the banks and financial institutions shall […]
ISLAMABAD: Federal Board of Revenue (FBR) on Tuesday issued a notification to regulate the profession/business of accountants, jewelers, real estate agents in ongoing efforts against money laundering and countering finance of terrorism. The regulations have been issued through SRO 924(I)/2020 dated September 30, 2020 to comply with the conditions under Finance Action Task Force (FATF), […]
KARACHI: State Bank of Pakistan (SBP) has imposed monetary penalty of Rs1.68 billion upon at least 15 commercial banks for violating various regulations including anti-money laundering (AML) and counter financing of terrorism (CFT). The SBP on Saturday released the data of significant enforcement actions by the central bank during March – June 2020. The top […]
KARACHI: State Bank of Pakistan (SBP) on Thursday extended the date for exchange companies to submit information of customers related to anti-money laundering (AML) and Counter Financing Terrorism (CFT). The central bank amended the Foreign Exchange Circular No. 04 dated October 14, 2019 in this regard. The SBP said that in terms of instructions given […]
ISLAMABAD: Securities and Exchange Commission of Pakistan (SECP) has extended the date up to May 31, 2020 for submission of mandatory information related to anti money laundering (AML)/ counter financing of terrorism (CFT) for the corporate sector. The SECP on Monday due to the recent outbreak of pandemic Coronavirus (COVID- 19) and its impact on […]