IMF Demands Strict Action Against Trade Based Money Laundering Ahead of Pakistan Federal Budget Negotiations
The International Monetary Fund has pressed Pakistan to tighten financial supervision and curb suspicious trade transactions as an official delegation lands to negotiate the upcoming federal budget.
NIBAF Pakistan Conducts TBML Training for Bank Alfalah Staff to Strengthen Financial Crime Controls
NIBAF Pakistan organized a one-day customized training on Trade-Based Money Laundering at BAFL Learning Center Karachi to enhance AML and compliance capacity.
State Bank of Pakistan directs banks to terminate clients on Goods Declaration suspicion under AML rules
The State Bank of Pakistan has directed banks to tighten compliance on trade-based transactions, including the option to terminate client relationships if Goods Declaration mismatches raise AML suspicions.