Regulatory Alerts2021-06-02
Appointment of Administrator under Section 11 of the AML Act
The Federal Government has appointed specific officers from various agencies as ex-officio Administrators to exercise powers under Section 11 of the Anti-Money Laundering Act, 2010. These designated officials are authorized to manage, auction, or dispose of property liable for forfeiture to ensure the preservation of its value for the Federal Government. The scope of their authority includes taking all necessary public interest measures subject to prescribed rules and final court orders.
The Gazette of Pakistan
EXTRAORDINARY PUBLISHED BY AUTHORITY ISLAMABAD, WEDNESDAY, JUNE 2, 2021
PART II Statutory Notifications (S. R. O.) INTERNAL FINANCE WING [ANTI-MONEY LAUNDERING SECTION-I] Islamabad, the 7th May, 2021
S. R. O. 659(I)/2021.— In exercise of the powers conferred by sub-section (1) of section 11 of the Anti-Money Laundering Act, 2010 (ACT VII of 2010), the Federal Government is pleased to appoint the officers specified in column (3) of the Table below to be ex-officio Administrator for the Agency specified in column (2) of that table to exercise the powers and perform the functions and duties as such Administrator under the said Act in their operational jurisdiction, namely:—
TABLE
| Sl. No. | Agency | Officer |
|---|---|---|
| 1. | Anti-Narcotics Force (ANF) | Regional Directors, ANF |
| 2. | Federal Board of Revenue (Customs) | Collectors / Directors |
| 3. | Federal Board of Revenue (Inland Revenue) | Respective Directors of Directorates Intelligence and Investigation, Inland Revenue |
| 4. | Federal Investigation Agency (FIA) | Zonal Directors |
| 5. | National Accountability Bureau (NAB) | Additional Directors, Recovery, Disposal and Assets Management Cells of Regional NAB |
- The Administrators appointed above shall be competent to receive, manage, rent out, auction, transfer or otherwise dispose of, or take all other necessary measures deemed necessary in public interest to preserve the value of the property liable to forfeiture and vesting in the Federal Government in such manner and subject to such conditions as may be prescribed under the aforementioned Act, the rules made thereunder and final order of the Court.
[F. No. 2-3/AML-I/17th NEC/2021-114.]
RAJA TANVEER AZMI, Deputy Secretary (AML).