The National Assembly of Pakistan passed the National Anti-Money Laundering and Counter Financing of Terrorism Authority Act, 2023. The bill aims for an overarching body to supervise and coordinate anti-money laundering (AML), counter the financing of terrorism (CFT), and enforce targeted financial sanctions (TFS) efforts. This unified body, reporting directly to the Prime Minister, aims to harmonize the national response by strategically coordinating policies, regulations, and international collaboration. Its objectives encompass proposing policy changes, aligning laws with international standards, and efficiently mitigating the risks of money laundering and terrorist financing. By consolidating under a single authority, the goal is to enhance effectiveness, ensure compliance, and promote best practices in tackling AML, CFT, and TFS challenges.