Dar briefed on anti-money laundering regime

dar-briefed-on-anti-money-laundering-regime

Dar briefed on anti-money laundering regime ISLAMABAD: Finance Min­ister Ishaq Dar chaired on Wednesday a meeting on the anti-money laundering/combating financing of terrorism (AML/CFT) regime and its implementation in Pakistan.

In a presentation, the dir­ector general of the Financial Management Unit (FMU) highlighted the improvements introduced in the recent past to various laws to counter money laundering and terrorism financing.

The director general said the FMU is fully functional and proactively working in coordination with reporting entities, regulators and law enforcement agencies as per international standards.

He also spoke about recent developments regarding the establishment of a new integrated data centre at the FMU, which will be capable of handling online reports of suspicious transactions and cash transactions from reporting entities, analysing such reports to generate meaningful financial intelligence, and disseminating the same to the law enforcement agencies for investigation.

Source: http://www.dawn.com/news/1293877/dar-briefed-on-anti-money-laundering-regime

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