Anti-money Laundering Amend Act challenged in LHC

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Amraiz Khan 
Lahore

The Anti-Money Laundering Amendment Act 2020 was challenged in the Lahore High Court on Monday. The court issued notices to the FBR and the Federal Ministry of Law seeking their response.

According to details, the Anti-Money Laundering Amendment Act 2020 has been challenged in the Lahore High Court (LHC).

The court issued notices to the FBR and the Federal Ministry of Law seeking answers.

During the hearing, Justice Jawad Hassan remarked that how can anti-money laundering notices be issued? Justice Jawad Hassan issued the order at the request of others including United Industries Limited.

Ashtar Osaf Advocate appeared on behalf of the petitioner and argued that the FBR has trained income tax officers to run the tax system, amended the Anti-Money Laundering Act to establish a new wing in the FBR while the FBR Intelligence and Investigation Wing have been given the authority to issue notices of money laundering.

The petitioner said that despite the presence of income tax officers, the Director of Intelligence and Investigation Wing was set up.

Notices are being issued by the FBR Directorate of Intelligence and Investigation Wing. A notice was also issued to him by the Directorate of Intelligence and Investigation Wing.

The petitioner requested the court to quash the notices issued by the FBR’s Intelligence and Investigation Wing and to annul the establishment of the FBR’s Directorate of Intelligence and Investigation Wing.

Justice Jawad Hassan remarked that there is legislation all over the world for the prevention of anti-money laundering. For now, we will not issue any order that would affect Pakistan’s money laundering law.

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