SBP rejects reports linking Raast to money laundering
The State Bank of Pakistan has rejected what it described as misleading media reports claiming that the country’s Raast instant payment system was identified as a money-laundering channel by the Financial Action Task Force (FATF). The SBP said a headline circulating on social media had misrepresented the findings of a FATF report. According to the SBP, the report does not identify Raast…

