... aka
Taliban Khan, who who convinced himself that playing cricket qualified him to lead a nuclear-armed nation with severe personality problems...
on Wednesday decided to amend the Anti-Money Laundering (AML) Act, 2010, with stricter punishments to be imposed in an effort to bring individuals involved in money laundering to book.
The meeting discussed the legal and administrative steps taken for prevention of money laundering and the achievements so far in that regard.
Law Minister Farogh Naseem briefed the meeting about the amendments made in the Foreign Exchange Regulations Act (FERA), 1947, AML Act, 2010, and the ATA, 1997, to make money laundering laws more effective.
As per the amendment proposed for the AML Act, the punishment for money laundering crimes will be increased to up to 10 years' imprisonment while the fine will be increased to Rs5 million.