Pakistan's Financial Monitoring Unit signs deal with UK to counter money laundering, terror financing

Published May 30, 2019
A press release issued on the occasion stated that the Financial Monitoring Unit in Pakistan and the Financial Intelligence Unit in the UK had signed an MoU for the establishment of a channel facilitating the efficient exchange of financial intelligence. ─ AFP/File
A press release issued on the occasion stated that the Financial Monitoring Unit in Pakistan and the Financial Intelligence Unit in the UK had signed an MoU for the establishment of a channel facilitating the efficient exchange of financial intelligence. ─ AFP/File

The Pakistani and British governments on Thursday signed an agreement to enhance financial intelligence sharing in order to counter money laundering and terror financing.

A delegation headed by FMU Director General Mansoor Siddiqui signed the agreement with the United Kingdom's Financial Intelligence Unit (FIU) while on a visit to the UK.

A press release issued on the occasion stated that the FMU in Pakistan and the FIU in the UK had signed an MoU for the establishment of a channel facilitating the efficient exchange of financial intelligence.

The delegation held meetings with British law enforcement agencies (LEAs) and discussed how to enhance coordination between the FIU and LEAs. The team also familiarised itself with the workings of the FIU, the press release stated.

As a result of the visit, LEAs on both sides will now have the opportunity to exchange information and carry out more effective investigations.

The FMU has already signed MoUs with Turkey, Sri Lanka, Iran, Turkmenistan and Kazakhstan, while agreements with China, the United Arab Emirates, Qatar and Malawi are being finalised and are expected to be signed soon.

Follow Dawn Business on X, LinkedIn, Instagram and Facebook for insights on business, finance and tech from Pakistan and across the world.

Opinion

Editorial

Removing subsidies
Updated 09 May, 2026

Removing subsidies

The government no longer has the budgetary space to continue carrying hundreds of billions of rupees in untargeted subsidies while the power sector itself remains trapped in circular debt, inefficiencies, theft and under-recovery.
Scarred at home
09 May, 2026

Scarred at home

WHEN homes turn violent towards children, the psychosocial damage is lifelong. In Pakistan, parental violence is...
Zionist zealotry
09 May, 2026

Zionist zealotry

BOTH the Israeli military and far-right citizens of the Zionist state have been involved in appalling hate crimes...
Shifting climate tone
Updated 08 May, 2026

Shifting climate tone

Our financial system is geared towards short-term, risk-averse lending, while climate adaptation and green infrastructure require patient, long-term capital.
Honour and impunity
08 May, 2026

Honour and impunity

THE Sindh Assembly’s discussion on karo-kari this week reminds us of the enduring nature of ‘honour’ killings...
No real change
08 May, 2026

No real change

THE Indian sports ministry’s move to allow Pakistani players and teams to participate in multilateral events ...