12
No civil or criminal proceedings against banking companies, financial institutions, etc., in certain cases
Act: Anti-Money Laundering Act 2010
Section Provisions
ACT VII OF 2010 ACT VII OF 2010 ANTI-MONEY LAUNDERING ACT, 2010 An Act to provide for prevention of money laundering [Gazette of Pakistan, Extraordinary, Part I, 27th March 2009] No.F.9 (4)/2010-Legis., dated 27-3-2010.--The following Act of Majlis-e-Shoora (Parliament) received the assent of the President on 26th March, 2010, is hereby published for general information: Whereas, it is expedient to provide for prevention of money laundering combating financing of terrorism and forfeiture of property derived from, or involved in, money laundering or financing of terrorism and for matters connected therewith or incidental thereto; It is hereby enacted as follows:-- 12. No civil or criminal proceedings against banking companies, financial institutions, etc., in certain cases.--Save as otherwise provided in section 7, the financial institutions, non-financial businesses and professions and their officers shall not be liable to any civil, criminal or disciplinary proceedings against them for furnishing information required under this Act or the rules and regulations made hereunder.