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Dar reviews anti-money laundering measures

Updated Feb 17, 2017 08:29am


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ISLAMABAD: Finance Minister Ishaq Dar on Thursday reviewed the progress on measures and enforcement actions against money laundering and terrorism financing.

In a meeting chaired by Mr Dar, the director general of the Financial Monitoring Unit (FMU) shared the recent progress made by Pakistan in this regard and apprised the participants of details.

The Foreign Office officials stated that a number of meetings have been held with the diplomatic community in this regard.

Some additional measures to strengthen the regime on anti-money laundering and counter-terrorism were also discussed.

“The meeting reaffirmed the state’s resolve to continue to strengthen the anti-money laundering/combating the financing of terrorism framework and collectively work towards peace and security of the country,” the statement said.

Last week, the SBP inaugurated a high-tech data centre, which will help the FMU track down money laundering and terrorism financing.

The FMU is the financial intelligence unit of the finance ministry tasked with fighting money laundering and terror financing.

Published in Dawn February 17th, 2017

Comments (9) Closed

Lashari Feb 17, 2017 09:50am

First take action on Ayan, who was caught red handed while carrying out money laundering.

Samab Ahmad Feb 17, 2017 10:07am

Our policies are being drafted by those who are the biggest money laundering offenders themselves. Bad Taste

KT Feb 17, 2017 11:24am

Just get data of Uber and Careem frequent points to non commercial hubs. Money launderers use rented cars instead of their own vehicles to carry cash. Also as banks to provide data for frequent use of big size lockers. Maintain list of frequent economy class UAE travelers.

Isloo Feb 17, 2017 11:57am

well done

iffi Feb 17, 2017 12:52pm

That's the perfect job for mr dar ... as he is expert

Iftikhar Anwar Feb 17, 2017 01:13pm

Anti-money laundering measures are being reviewed by DAR, is simply joke.

Muhammed Ali UK Feb 17, 2017 04:32pm

He should know all about such measures..

shahid Latif Feb 18, 2017 06:05am

@Iftikhar Anwar Agree

shahid Latif Feb 18, 2017 06:08am

@Muhammed Ali UK Agree