RegAlertRule · FMU · 10 Feb 2016
Addition of Predicate Offences-Insider Trading & Market Manipulation
The Federal Government of Pakistan has amended the Anti-Money Laundering Act, 2010, to include specific provisions from the Sales Tax Act, 1990, and the Federal Excise Act, 2005, as predicate offences. Section VIIA is inserted to incorporate offences, penalties, and related matters under entries 11 and 13 of the Sales Tax Act, 1990. Additionally, Section XIV is added to include offences, penalties, fines, and allied matters under section 19(3) of the Federal Excise Act, 2005, within the scope of the anti-money laundering framework.
Annex-IV
REGISTERED No. M - 302 L.-7646
The Gazette of Pakistan
EXTRAORDINARY
PUBLISHED BY AUTHORITY
ISLAMABAD, WEDNESDAY, FEBRUARY 10, 2016
PART II
Statutory Notifications (S. R. O.)
GOVERNMENT OF PAKISTAN
MINISTRY OF FINANCE
NOTIFICATION
Islamabad, the 3rd February, 2016
S. R. O. 104(I)/2016.—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 further amendments shall be made in the Schedule to the said Act, namely:— In the aforesaid Schedule,— (a) after Section-VII, the following section VIIA shall be inserted, namely:— "Section-VIIA The Sales Tax Act, 1990. 33 (entries 11 and 13 of Table) Offences and Penalties."; and 409 [2272(2016)/Ex. Gaz.] Price : Rs. 2.00 410 THE GAZETTE OF PAKISTAN, EXTRA., FEBRUARY 10, 2016 [PART II (b) after Section XIII, the following Section XIV shall be added, namely:— "Section-XIV The Federal Excise Act, 2005 19 (3) Offences, Penalties, fines and allied matters ". [Fin. Div's F. No. 4-2/AML-I/2014-55 Vol-II.] AZMAT HUSSAIN KHAN, Deputy Secretary (AML). PRINTED BY THE MANAGER, PRINTING CORPORATION OF PAKISTAN PRESS, ISLAMABAD. PUBLISHED BY THE DEPUTY CONTROLLER, STATIONERY AND FORMS, UNIVERSITY ROAD, KARACHI.
Note from RegAlert. AI assistants can read this document in full, and search 70,000+ more, through the RegAlert MCP connector (https://mcp.regalert.today/mcp). Free with an account. How to connect ChatGPT, Claude or Cursor.
Lineage: No known changes
RegAlert holds no document that amends or replaces this one. This is not a check that it is in force: confirm with the regulator.
The links and the sentences they come from (1)
- Issued under
“In exercise of the powers conferred by section 42 of the Anti-Money Laundering Act, 2010 (VII of 2010)”
Similar documents from other regulators
FRALaw No. 78 of 2003 Amending Some Provisions of the Anti-Money Laundering Law Issued by Law No. 80 of 2002Egypt
BBAML Circular No. 26: Inclusion of new reporting agencies and predicate offenses in Money Laundering Prevention Act, 2009Bangladesh · 2010-09-30
More like this from FMU
We email you every new FMU publication the day it's published.
Source: Financial Monitoring Unit — original document · Summary generated with machine assistance and reviewed before publication; the authoritative text is the regulator's original document. How RegAlert works
In RegAlert: added · updated