New Monitoring System Introduced to Curb Money Laundering and Terror Financing
Islamabad, Pakistan – A new surveillance system has been implemented to strengthen oversight of money laundering and terrorist financing activities. Under the system, all non-financial businesses and professionals will be closely monitored to ensure compliance with anti-money laundering (AML) and counter-terror financing (CTF) regulations. The authorities have also announced tighter monitoring of businesses dealing in…
Islamabad, Pakistan – A new surveillance system has been implemented to strengthen oversight of money laundering and terrorist financing activities. Under the system, all non-financial businesses and professionals will be closely monitored to ensure compliance with anti-money laundering (AML) and counter-terror financing (CTF) regulations.
The authorities have also announced tighter monitoring of businesses dealing in gold and other precious metals, along with real estate agents and dealers, to prevent misuse of these sectors for illicit financial activities.
