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Amendment of section 4, Act VII of 2010

Act: Anti-Money Laundering (Amendment) Act 2020

Section Provisions

ACT XI OF 2020 ACT XI OF 2020 ANTI-MONEY LAUNDERING (AMENDMENT) ACT, 2020 An Act further to amend the Anti-Money Laundering Act, 2010 [Gazette of Pakistan Extraordinary, Part I, 27th February, 2020, pages 78, 79] WHEREAS it is expedient further to amend the Anti-Money Laundering Act, 2010 (VII of 2010) for the purposes hereinafter appearing; It is hereby enacted as follows:- 2. Amendment of section 4, Act VII of 2010.---In the Anti-Money Laundering Act, 2010 (VII of 2010), hereinafter referred to as "the Act", in section 4, for the words "not be less than one year but may extend to" the words "be upto" shall be substituted and for the words "one million" the words "five million" shall be substituted.