ISLAMABAD: The Federal Investigation Agency (FIA) on Monday has asked for the same access as the National Accountability Bureau (NAB) have to tackle the money laundering.
According to details, the National Assembly’s Standing Committee on Interior meeting was held today in Islamabad. During the meeting, the FIA director also said that there were a lot of flaws in the Anti-Money Laundering (AML) Act 2010, as a result of which the agency was unable to achieve results.
The FIA official said that Amendment in Anti-Money Laundering is necessary as it requires permission of session judge to take the record from Bank. He said that this could take up to months and sometimes the sessions judge would in the end not grant permission to access the records.
Shehzad told that the account holder in ‘benami accounts’ was neither a beneficiary nor operating the accounts himself. “Bankers are involved in the opening of ‘benami accounts’. At least two bankers are involved in every bank transaction,” he told meeting.
He also asked why no action had so far been taken against the banks that were found involved operating benami accounts.