Regulatory Alerts2021-06-02
Gazette Notification for SRO No. 651 to 659 issued under the Anti-Money Laundering Act, 2010
This gazette notification establishes the Anti-Money Laundering (Forfeited Properties Management) Rules, 2021, and the Anti-Money Laundering (Referral) Rules, 2021, to streamline the management of forfeited assets and jurisdictional case referrals. It formally appoints specific officials as ex-officio Administrators and public prosecutors for various investigative agencies, including the ANF, FBR, FIA, and NAB, to ensure uniform enforcement. Furthermore, it institutes mandatory procedures for asset inventory, secure storage in godowns, auction protocols, and biannual audits to preserve the value of properties seized under the Anti-Money Laundering Act.
GOVERNMENT OF PAKISTAN
FINANCE DIVISION (Investment Wing)
NOTIFICATIONS
S. R. O. 651(I)/2021. Mr. Dil Jan Chandio, Deputy Registrar (BS-18), Erstwhile Corporate Law Authority, declared surplus in accordance with the Section 43 of SECP Act, 1997 and placed on surplus pool of Establishment Division for subsequent posting, shall stand retired from Government Service on attaining the age of superannuation on 14-03-2021.
S. R. O. 652(I)/2021. Mr. Dil Jan Chandio, Deputy Registrar (BS-18), Erstwhile Corporate Law Authority, declared surplus in accordance with the Section 43 of SECP Act, 1997 and placed on surplus pool of Establishment Division for subsequent posting, shall stand retired from Government Service on attaining the age of superannuation on 14-03-2021.
S. R. O. 653(I)/2021. Mr. Dil Jan Chandio, Deputy Registrar (BS-18), Erstwhile Corporate Law Authority, declared surplus in accordance with the Section 43 of SECP Act, 1997 and placed on surplus pool of Establishment Division for subsequent posting, shall stand retired from Government Service on attaining the age of superannuation on 14-03-2021.
ANTI-MONEY LAUNDERING (FORFEITED PROPERTIES MANAGEMENT) RULES, 2021
S. R. O. 654 (I)/2021. In exercise of the powers conferred by section 43 read with sub-section (2) of section 11 of the Anti-Money Laundering Act, 2010, the Federal Government, in consultation with the National Executive Committee (NEC), is pleased to make the following rules regarding the management, storage, and disposal of forfeited properties by appointed Administrators.
ANTI-MONEY LAUNDERING (REFERRAL) RULES, 2021
S. R. O. 655 (I)/2021. In exercise of the powers conferred by section 43 of the Anti-Money Laundering Act, 2010, the Federal Government establishes procedures for the referral of cases by police or other governmental organizations to the competent investigating and prosecuting agency when jurisdiction is lacking.
AMENDMENTS AND APPOINTMENTS
S. R. O. 656(I)/2021 & S. R. O. 657(I)/2021. The Federal Government amends Notification No. S.R.O 952(I)/2020 and Schedule-IV of the Act to include the Pakistan Bar Council, Provincial Bar Councils, and the Islamabad Bar Council within the regulatory framework for legal professionals.
S. R. O. 658(I)/2021. The Federal Government appoints designated prosecutors from the ANF, CTD, FBR, FIA, and NAB as ex-officio public prosecutors for the purposes of the Anti-Money Laundering Act.
S. R. O. 659(I)/2021. The Federal Government appoints specific officers, including Regional Directors (ANF), Collectors/Directors (FBR), Zonal Directors (FIA), and Additional Directors (NAB), as ex-officio Administrators to manage forfeited properties within their respective jurisdictions.