Anti-money laundering rules in Pakistan

PAKISTAN - The State Bank of Pakistan (SBP) has made it mandatory for banks and financial institutions to enforce 'Know Your Customer' (KYC) rules to counter the threat of money laundering, official sources in the central bank said on Tuesday.

The SBP has cautioned the financial institutions "that increasing efforts are being made across the globe to ensure that banks are not used as a means to facilitate money laundering and other unlawful activities" reports Jang Newspapers.

It has been made

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