KARACHI: The federal government is mulling over to amend the Money Laundering Act, it is learnt here.
Sources told Customs Today that the Ministry of Law Affairs has forwarded a recommendation, received by the Federal Board of Revenue (FBR), to the Ministry of Defence, requesting that the Pakistan Customs be entrusted with powers to investigate the money laundering cases.
The sources revealed that the Ministry of Law Affairs, in the recommendation, has sought the involvement of Pakistan Customs, as a front line agency which is also to carry out investigation into the money laundering cases.
The sources further asserted that the Ministry of Defence has also forwarded the said recommendations to the Prime Minister Secretariat for approval, adding that the Prime Minister Secretariat is also considering making amendments in Money Laundering Act.
“The core aim for conferring powers of investigation to the Pakistan Customs is to investigate the cases related to the money laundering and find out the financier who providing financial assistance to the terrorists for carrying out their terrorist activities”, sources added.
Responding to a query, the sources said that the draft after the approval would also come into parliament for deliberation.
