Explaining source of income, annual income made mandatory for NSS investors

ISLAMABAD: The government has made mandatory for investors of National Saving Schemes (NSS) to explain source of income and annual income. The government has notified National Savings Schemes (AML and CFT) Rules, 2019 in order to comply with recommendations of Financial Action Task Force (FATF). Previously, the draft of rules was notified on December 19, […]

by Mrs. Anjum Shahnawaz

Investors of saving schemes to explain source of income

Dec 23

Finance

Investors of saving schemes to explain source of income

ISLAMABAD: Investors of National Saving Schemes (NSS) will explain source of income for their existing investments under ongoing drive of the government to check money laundering and terror financing. The ministry of finance last week issued draft National Savings Schemes (AML and CFT) Rules, 2019 to document the investment and identify links of investments to […]

by Mrs. Anjum Shahnawaz