The Anti-Money Laundering Act, 2010

An Act to provide for prevention of money laundering WHEREAS, it is expedient to provide for prevention of money laundering, combating financing of terrorism and forfeiture of property derived from, or involved in, money laundering or financing of terrorism and for matters connected therewith or incidental thereto; It is hereby enacted as follows:

• Section 1: Short title, extent and commencement
• Section 2: Definitions
• Section 3: Offence of money laundering
• Section 4: Punishment for money laundering
• Section 5: National Executive Committee
• Section 6: Financial Monitoring Unit
• Section 6A: AML/CFT regulatory authority
• Section 6B: International cooperation by regulators
• Section 6C: Oversight body for SRBs
• Section 7: Procedure and manner of furnishing information by reporting entities
• Section 7A: Conducting CDD
• Section 7B: Reliance on third parties
• Section 7C: Record keeping
• Section 7D: Inability to complete CDD and tipping off
• Section 7E: Anonymous business relationships and transactions
• Section 7F: Risk understanding
• Section 7G: Compliance program
• Section 7H: Policies and procedures
• Section 7I: Sanctions for reporting entities
• Section 7J: Appeal to concerned AML/CFT regulatory authority
• Section 8: Attachment of property involved in money laundering
• Section 9: Investigation
• Section 9A: Application of investigation techniques
• Section 10: Vesting of property in Federal Government
• Section 11: Management of forfeited properties
• Section 12: No civil or criminal proceedings against reporting entities in certain cases
• Section 13: Power of survey
• Section 14: Search and seizure
• Section 15: Search of persons
• Section 16: Omitted(repealed)
• Section 17: Retention of property
• Section 18: Retention of records
• Section 19: Presumption as to records or property in certain cases
• Section 20: Jurisdiction
• Section 21: Offences to be cognizable and non-bailable
• Section 22: Application of Code of Criminal Procedure, 1898 to proceedings before courts
• Section 23: Appeal to High Court
• Section 24: Appointment of investigating officers and their powers
• Section 25: Assistance to authorities
• Section 26: Agreements with foreign countries
• Section 27: Letter of request to a contracting State etc.
• Section 28: Assistance to a contracting State in certain cases
• Section 29: Reciprocal arrangements for processes and assistance for transfer of accused persons
• Section 30: Attachment, seizure and forfeiture etc., of property in a contracting State or Pakistan
• Section 31: Procedure in respect of letter of request
• Section 32: Punishment for vexatious survey and search
• Section 33: Liability for failure to file STR and for providing false information
• Section 34: Disclosure of information
• Section 35: Bar of jurisdiction
• Section 36: Notices, etc., not to be invalid on certain grounds
• Section 37: Offences by legal persons
• Section 38: Continuity of proceedings in the event of death or insolvency
• Section 39: Act to have overriding effect
• Section 40: Members etc., to be public servants
• Section 41: Act not to apply to fiscal offences
• Section 42: Power to amend the Schedule
• Section 43: Power to make rules
• Section 44: Power to make regulations
• Section 45: Power to remove difficulties
• Section 46: Validation of actions, etc.
• Schedule I: Schedule I
• Schedule II: Schedule II
• Schedule III: Schedule III
• Schedule IV: Schedule IV