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What laws and regulations in respect of AML are applicable to Banks in Pakistan?

April 26, 2017AML applicable Banks Laws Pakistan regulations respect

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What laws and regulations in respect of AML are applicable to Banks in Pakistan?

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I. Domestic: The recently enacted Anti Money Laundering Ordinance 2007, SBP’s Prudential Regulations particularly M-series and the relevant provisions of Anti Narcotic Ordinance 1997. II. International: UN Resolutions / Conventions, EU directives, the recommendations of Financial Action Task Force – FATF and the relevant provisions of the US Patriot Act 2001.