Regulatory Alerts2021-06-02
Added · Updated
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.
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