FATF-related bills likely to be tabled in Pak’s NA

A fresh session of Pakistan’s National Assembly (NA) will commence on Monday in which bills related to the Financial Action Task Force (FATF) and other important legislations are likely to be tabled.

Adviser to the Prime Minister on Parliamentary Affairs Babar Awan will introduce the FATF-related Anti-Money Laundering (second amendment) Bill, 2020, the Islamabad Capital Territory Waqf Properties Bill, 2020, the Companies Amendment Bill, 2020, and the Limited Liabilities Partnership Amendment Bill, 2020, Dawn news reported.

Defence Minister Pervez Khattak will present the Joint Maritime Information Organisation Bill, 2020, for constitution and regulation of the Joint Maritime Organisation.

The decision to call fresh sessions of NA as well as the Senate was taken by Prime Minister Imran Khan on September 7.

Regarding the bills related to the FATF, Awan had said the government would not allow any delay in passage of bills of national interest.

The Anti-Money Laundering (Second Amendment) Bill and the Islamabad Capital Territory Waqf Properties Bill were rejected by the Senate in its last session on August 25.

The sessions came ahead of a crucial meeting of the Asia-Pacific Joint Group of the Financial Action Task Force (FATF) slated to take place on Tuesday and Wednesday, which will review Pakistan’s measures against money laundering.

Pakistan, the US, the UK, France, Germany, China, India, New Zealand and Australia will be in attendance, The Express Tribune reported.

The recommendations will be put before the FATF on October 16.

Pakistan was placed on the FATF’s grey list in June 2018 and had to meet its 27-point action plan to avoid getting blacklisted as a non-compliant nation.