AML panel clears virtual assets body for Schedule IV listing
The currency transaction report threshold was revised at an Aurangzeb-chaired AML/CFT meeting that also cleared the Pakistan Virtual Assets Regulatory Authority for Schedule IV.
The National Executive Committee on AML/CFT approved a revision to the Currency Transaction Report (CTR) threshold.
Finance Minister Muhammad Aurangzeb chaired the meeting that reviewed progress in Pakistan’s AML/CFT regime.
The Pakistan Virtual Assets Regulatory Authority was cleared for inclusion in Schedule IV of the Anti-Money Laundering Act.
Section 28 of the Pakistan Maritime Zones Act was approved for Schedule I of the same law.
The committee reviewed the Financial Monitoring Unit’s capacity and discussed AI and machine-learning initiatives.