Finance Minister chairs AML-CFT committee meeting to approve regulatory updates
Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb chaired the 19th National Executive Committee on Anti-Money Laundering and Countering the Financing of Terrorism in Islamabad on Tuesday.
Committee reviews financial monitoring progress
The meeting examined how well the Financial Monitoring Unit performed during its recent operations. Officials also discussed institutional capacity and the use of artificial intelligence to strengthen oversight.
Regulatory thresholds and new laws approved
Participants agreed to change the limits for Currency Transaction Reports used in suspicious activity analysis. The committee further approved adding specific sections from the Pakistan Maritime Zones Act and the Virtual Assets Regulatory Authority to the main anti-money laundering law.
Minister urges better institutional coordination
Senator Aurangzeb emphasized that relevant agencies must coordinate regularly to ensure effective implementation of national rules. He also called for a clear roadmap with defined timelines to improve the unit's analytical capabilities.
2 outlets, different leads
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Associated Press of Pakistan
Finance Minister stresses timely follow-up and institutional coordination for AML-CFT framework
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Business Recorder
Pakistan reviews AML-CFT framework, approves key regulatory changes
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2 independent outlets. Headlines as published. Links open the original report.