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Pakistan Anti-Money Laundering Act 2010 (as amended up to 2020)

Pakistan's Anti-Money Laundering Act 2010 (as amended in 2020) defines the offence of money laundering (Section 3), establishes the Financial Monitoring…

What Pakistan Anti-Money Laundering Act 2010 (as amended up to 2020) requires

Pakistan's Anti-Money Laundering Act 2010 (as amended in 2020) defines the offence of money laundering (Section 3), establishes the Financial Monitoring Unit (Section 6), and requires reporting entities to apply customer due diligence (Section 7A), file suspicious transaction reports and currency transaction reports with the FMU (Section 7), keep transaction records for at least five years and STR/CTR records for at least ten years (Section 7C), and comply with asset-freezing orders (Section 8).

Pillar: Financial Crime, AML & Sanctions · Authority: Financial Monitoring Unit (FMU), Pakistan · Version: 1.0.0 · Last updated:

Primary source: https://www.fmu.gov.pk/docs/Anti-Money-Laundering-Act-2010-amended-upto-Sep.%202020.pdf

SHA-256 integrity: cb7ffc2da1df9ac1b3e0ce47b5dc96d262d79bd26b429d954c04383ac14072c8

Primary Citations — 6 traced to source

  • Pakistan Anti-Money Laundering Act 2010, Section 3 - Offence of money laundering
  • Pakistan Anti-Money Laundering Act 2010, Section 6 - Financial Monitoring Unit

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