Regulatory Alerts2020-10-01
Pakistan Post (AML and CFT) Supervisory Board (Powers & Functions) Rules, 2020
These rules establish the Pakistan Post (AML and CFT) Supervisory Board, chaired by the Additional Secretary of the Communications Division, to oversee anti-money laundering and counter-terrorist financing compliance within the Pakistan Post Office Department. The Board is mandated to conduct risk assessments, engage external auditors or the State Bank of Pakistan for compliance verification, and enforce policies addressing relevant violations. Operational support is provided by the Communications Division, with the Board required to meet at least quarterly to ensure the effective implementation of its supervisory obligations.
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