Pakistan Central Bank Tightens Currency Movement After In FATF Grey-listing


Pakistan’s central bank has decided to tighten the movement of foreign and local currency to combat money laundering after the country was placed on the grey list by the Financial Action Task Force for failing to curb anti-terror financing, according to a media report.

Pakistan was placed on the grey list by the global body during its plenary session in Paris last month despite Islamabad submitting a 26-point action plan and launching a concerted diplomatic effort to avert the decision.

Radio Pakistan reported that the State Bank of Pakistan (SBP) issued detailed instructions to all exchange companies to bring the currency movements under strict monitoring of the central bank. Read More

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