LogoRegulatory Alerts
2011-01-08

2011-Additional List of Predicate Offences

The Federal Government issued notifications under the Anti-Money Laundering Act, 2010, designating the Directorate General of Intelligence and Investigation as a law enforcement agency for investigating predicate offences. Additionally, the government amended the Schedule of the Act to include new offences relating to environmental protection, intellectual property (trade marks), and human trafficking. These amendments formalize the expansion of predicate offences and empower specific federal authorities to enforce the Act against these newly identified criminal activities.

Financial Monitoring Unit logo

Pakistan

Financial Monitoring Unit

Click to view thumbnail

MINISTRY OF FINANCE AND REVENUE (Finance Division)

NOTIFICATION

Islamabad, the 24th August, 2010

S.R.O. 03 (KE)/2011:

In exercise of the powers conferred by clause (J) of Section 2 of the Anti-Money Laundering Act, 2010 (VII of 2010), the Federal Government is pleased to notify the Directorate General of Intelligence and Investigation, Federal Board of Revenue to be a law enforcement agency for investigation or prosecution of predicate offence under the aforesaid Act.

[No. F.3(40)AML/2010].

S.R.O. 2 (KE)/2011:

In exercise of the powers conferred by Section 42 of the Anti-Money Laundering Act, 2010 (VII of 2010), the Federal Government is pleased to direct that the following amendments shall be made in the Schedule to the said Act, namely:-

In the said Schedule,-

(a) for Section-VI the following shall be substituted, namely:-

"Section-VI The Customs Act, 1969 (IV of 1969) entries 9, 14 and 14A of the Table in sub-section (1) of Section 156.

Section-VIA The Securities and Exchange Ordinance, 1969 (XVII of 1969)

24 Penalty.";

(b) in Section-IX, the words "prescribing minimum punishment for a period of over one year" shall be omitted;

(c) after Section-IX, as amended hereinabove, the following new Section shall be inserted, namely:-

"Section-IXA The Pakistan Environmental Protection Act, 1997 (XXXIV of 1997)

  1. Penalties.

  2. Offences by bodies corporate.";

(d) in Section-XI, after the heading the following shall be added, namely:-

"27. Offences and penalties.

  1. Falsification of Register etc.

  2. Falsely representing a design as registered."; and

(e) after Section-XI, as amended hereinabove, the following new Sections shall be added, namely:-

"Section-XII The Trade Marks Ordinance, 2001 (XIX of 2001)

  1. Penalty for applying false trade description etc.

  2. Penalty for falsification of entries in Register.

  3. Penalty for improperly describing a place of business as connected with the Trade Marks Registry.

Section-XIII The Prevention and Control of Human Trafficking Ordinance, 2002 (LIX of 2002)

  1. Punishment for human trafficking

  2. Offences committed by organised criminal groups

  3. Repetition of commission of offences.".

[No. F.3(40)AML/2010].

HAQUE NAWAZ, Joint Secretary.

Share