Khaleej Times

LEGAL FRAMEWORK MUST BE STRENGTHEN­ED

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> A delegation of the Financial Action Task Force has asked Pakistan to do more to strengthen its legal framework if it wants to avoid being blackliste­d.

> The delegation feared that the setup installed for scrutinisi­ng the activities of various entities, registered under the companies act, was not robust enough.

> The team believed that even in areas where the legal framework appeared vigorous, the implementa­tion mechanism was not geared to track down financial flows of the entities in question.

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