Govt to table another bill to comply with FATF requirements
Last updated on: 10 August,2020 11:49 am
The proposed law will not be applied on lawyers of criminal cases.
ISLAMABAD (Dunya News) – Government is planning to table another bill in National Assembly to comply with requirements of Financial Action Task Force (FATF).
According to sources proposed bill is likely to be tabled on August 10. After the passage of bill, lawyers will have to report suspicious transactions of their clients and failure to do so will result in strict action.
In light of the fourth schedule, the relevant bar council will formulate roles regarding reporting of information under anti-money laundering law.
It is pertinent to mention here that the law will not be applied on lawyers of criminal cases.