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The government has set up Anti-Money Laundering and Combating Financing of Terrorism (AML/CFT) Unit at Federal Investigation Agency (FIA) headquarters in order to ensure effective and timely completion of Financial Action Task Force (FATF)-related action plan.

According to a notification issued here on Tuesday, AML/CTF cell is established in FIA for compliance, monitoring, analysis and reporting function under the supervision of Director General (DG) FIA. The cell consists of three officials including Babar Bakht Qureshi, Director Counter Terrorism Wing (CTW), Muhammad Ahmed, Deputy Director Economic Crime Wing (ECW), and Khurrram Saeed Rana, Assistant Director CTW.

It says that the AML /CFT cell will work in close coordination with FATF Compliance Unit already notified. The AML/CFT cell shall seek information record regarding AML and CFT from FIA zonal offices. The zonal directors are directed to cooperate with AML/CFT Cell and follow the instructions already conveyed in this regard.

Copyright Business Recorder, 2019

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