The National Anti-Money Laundering and Counter Financing of Terrorism Authority Act, 2023

WHEREAS while various federal and provincial agencies, departments, ministries and institutions of Pakistan are functioning in connection with anti-money laundering, countering of financing of terrorism and targeted financial sanctions under various laws in force, there is need of a focal institution to unify state response by planning, combining, coordinating and implementing Government’s policy through an exhaustive strategic planning and necessary ancillary mechanism and to coordinate and collaborate at international level; It is hereby enacted as follows:—

• Section 1: Short title, extent and commencement
• Section 2: Definitions
• Section 3: Establishment of the Authority
• Section 4: Composition of the Authority
• Section 5: Procedures of Authority
• Section 6: Powers and Functions of the Authority
• Section 7: Chairman of the Authority
• Section 8: Functions and Powers of the Chairman
• Section 9: Director General of the Authority
• Section 10: Assistance and call for information
• Section 11: Appointment of officers, staff etc
• Section 12: Fund
• Section 13: Budget for the Authority
• Section 14: Maintenance of accounts and internal control
• Section 15: Audit
• Section 16: Annual Report
• Section 17: Indemnity
• Section 18: Power of the Federal Government to issue directives
• Section 19: Power to make rules and regulations
• Section 20: Relationship with other laws
• Section 21: Employees deemed to be Public Servants
• Section 22: Repeals, Savings and Validity of Actions, etc
• Section 23: Power to interpret