In the past few months, Pakistan has engaged in extensive legislation drafting to finally exit the FATF ‘Grey List’ in October. Pakistan is required to submit the progress on laws, as well as other aspects of investigation and prosecution frameworks related to AML/CFT in a report to FATF on September 30, as it prepares for the October plenary.
According to the Constitution, if a bill passed by one house of Parliament is rejected by the other, it can become a law only if it is passed by a joint sitting of the two houses.
This article focuses on three recent FATF-related laws, that have been passed in a joint session of the Parliament after much political debate, convened at the time of writing.
