Anti Money Laundering Blog

Asian Development Bank (ADB) will provide assistance to State Bank of Pakistan (SBP)Â in order to strengthen the anti-money laundering regime. This will include effective consolidation of anti-money laundering and combating financing of terrorism monitoring and analytical measures within a single unit.

To effectively fight and prevent money laundering and terrorist financing, it is planned to set up a Financial Management Unit in the State Bank of Pakistan.

Qualified consulting firm to be appointed is required to provide the experts (like Anti-Money Laundering Expert, Forensic Accounting Expert, Financial Intelligence Unit Database Expert, Law Enforcement and Legal Expert, Securities and Banking Expert) to establish the Financial Monitoring Unit in the SBP in accordance with the new Anti-Money Laundering Law.

The ADB will provide a technical assistance cluster to the Government of Pakistan for a value of USD 11.5 million for “Support to Governance Reforms in Pakistan.”

This entry was posted on Friday, January 11th, 2008 at 8:46 am and is filed under Anti-Money Laundering News, Anti-Terrorist Financing. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.