Section 20: Relationship with other laws

20. Relationship with other laws.—(1) Save as provided in the proviso to sub-section (2) of this section and section 24, the provisions of this Act shall be in addition to and not in derogation with any other law for the time being enforce. (2) Nothing contained in this Act shall override, limit or extinguish any functions and or powers of any authority, agency, department or competent authority in connection with anti-money laundering, countering of financing of terrorism and targeted financial sanctions, whether such functions and or powers have been conferred upon any authority, agency, department or competent authority under any law or through executive or administrative order of the Federal or Provincial Government, as the case may be: Provided that section 5 of the Anti-Money Laundering Act, 2010 shall continue to be implemented to the extent the same is not inconsistent or overlapping with the provisions of this Act.

Effective date: 2023-08-07

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