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Title:	Legal framework to combat money laundering in Pakistan
Authors:	Muhammad Saleem (P93330)
Supervisor:	Ramalinggam Rajamanickam, Assoc. Prof. Dr.
Keywords:	Money laundering -- Pakistan Universiti Kebangsaan Malaysia -- Dissertations Dissertations, Academic -- Malaysia
Issue Date:	Sep-2018
Description:	Money laundering is an international issue in Pakistan. International bodies like Financial Action Task Force (FATF) and law enforcement authorities have become progressively attentive against anti-money laundering law in Pakistan. Though Pakistan has its law to combat money laundering, however the law has its deficiencies. There are problems in terms of legal concepts, interpretation of the legal provisions in the related law and conflicts between provisions in the law. The objectives of this research are to: (i) identify the legal framework on combating money laundering in Pakistan; (ii) analyse anti-money laundering legal framework of Pakistan; and (iii) suggest improvement in the legal framework in combating money laundering in Pakistan. This research is a pure legal research in nature which primarily based on statutes and international instruments and employed content analysis, historical and critical analysis method. The research found that there is no adequate provision of law for protection of bona fide third-party rights in the anti-money laundering law in Pakistan. Anti-Money Laundering Act 2010 (AMLA 2010) of Pakistan does not categorize offences as “basic-substantive offence or ancillary offence.” Furthermore, the statute is also ambiguous in terms of interpretation of certain provisions such as section 7(3) and section 28 of the Act. There are also few conflicting provisions in the law relating to anti-money laundering such as categorization of offences as cognizable and non-cognizable. It is also found that sanctions on combating money laundering are not appropriate and dissuasive as per international instruments. Therefore, the research suggested that AMLA 2010 should be improved either through amendments to its provisions or by adopting interpretive notes for clear interpretation of the ambiguous terms. In addition to that, the research also recommended that training session for investigating authorities' personnel for clear understanding of laws must be conducted besides introduction of new international investigation-evidence collection methodologies such as “following the money,” “stop-pause investigations” and “controlled delivery.”,Master of Law
Pages:	90
Call Number:	C29.MUH 2019 2 tesis
Publisher:	UKM, Bangi
Appears in Collections:	Faculty of Law / Fakulti Undang-undang

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