Islamabad: The Federal Investigation Agency (FIA) and the Anti-Money Laundering Authority have introduced new rules and regulations to make the process of anti-money laundering action in Pakistan transparent and within the ambit of law.
According to sources, these rules have clarified that it will be mandatory to obtain prior approval from the concerned Circle Registrar before issuing any notice to any businessperson. The aim of this move is to prevent unjustified legal actions and bring the investigative agencies under the ambit of accountability.
Importantly, once a notice is issued, it cannot be withdrawn until the investigation is completed, eliminating the scope for unnecessary interference in the legal process.
These changes have been made in line with international FATF standards to improve Pakistan’s international financial reputation and make anti-money laundering measures effective and credible
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