AML/CFT Awareness Raising Seminar –NIBAF, Islamabad -27th September 2016 One Day ‘AML /CFT Awareness Raising Seminar’ was arranged at NIBAF, Islamabad by the Financial Monitoring…
To build a highly trained, efficient, professional & dedicated core personnel base. To develop a strong reporting culture locally among financial institutions and designated businesses…
To effectively augment and enhance efforts of domestic law enforcement agencies, regulators and other stakeholders in detection and prevention of threats emanating from Money Laundering…
To be an effective and highly regarded Financial Intelligence Unit in the domestic, regional and international fight against Money Laundering and Terrorist Financing conforming to…
Use of False Identification The suspect ‘JKL’ opened an account at the branch of Bank ‘X’. At the time of account opening the information provided…
Structuring of Funds A set of accounts were reported to FMU wherein the individuals were connected by way of employment in a company ‘B’. Company…
Co-Mingling of Funds It was reported to FMU that large volumes of credits were made in the account of person ‘X’. The funds were then…
Use of Nominees / Trustees / Family Member’s Accounts As per news report, a Person ‘A’ allegedly involved in criminal activities and most notably in…
Laundering from Tax Offences The proprietorship accounts of IK and SA were opened in a tax exempted region and transactions in their accounts were conducted…
Use of Internet for Money Laundering The accounts of individuals suspected to have links with individuals running an international cyber-crime racket were reported. Moreover, upon…