Gazette Notification: Constitution for Oversight Bodies, 2020

EXTRAORDINARY PUBLISHED BY AUTHORITY ISLAMABAD, THURSDAY, OCTOBER 1, 2020 Part II Statutory Notifications (S.R.O.) Government of Pakistan Ministry of Finance Islamabad, the October 1, 2020 NOTIFICATION S.R.O. 952(I)/2020.- In exercise of the powers conferred by section 6C read with section 2(xxiv) of the Anti-Money Laundering Act, 2010 (VII of 2010), the Federal Government is pleased to appoint following competent authorities as Oversight Bodies for the below Self-Regulatory Bodies as per clause (2) of Schedule-IV of the Anti-Money Laundering Act, 2010: | Sr. No. | DNFBP Sector | Oversight Body | | :--- | :--- | :--- | | 1. | (i) The Institute of Chartered Accounts of Pakistan established under the Chartered Accountants Ordinance, 1961 (X of 1961); (ii) The Institute of Cost and Management Accountants of Pakistan (ICMAP) established under the Cost and Management Accountants Act, 1966 ( XIV of 1966) | The Securities and Exchange Commission of Pakistan | | 2. | The Pakistan Bar Council | Ministry of Law and Justice | 2. The Oversight Bodies, under clause (a) of section 6C of the Anti-Money Laundering Act, 2010, the Oversight Bodies shall approve the AML/CFT Regulations issued by the Self-Regulatory Bodies for their respected entities under the provision of the said Act. [Finance Division F. No. /AML-I/2020./Vol-II] (Asif Ali Alvi) Deputy Secretary (AML) The Manager Printing Corporation of Pakistan Press, Islamabad.