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National Counter Terrorism Authority (NACTA) on Tuesday signed a multilateral memorandum of understanding (MoU) with different law enforcement agencies (LEAs) to enhance mutual coordination and exchange of information on terror financing and money laundering.
According to an official, the NACTA signed MoU with 14 LEAs including National Accountability Bureau (NAB), Federal Board of Revenue (FBR), Financial Monitoring Unit (FMU), Anti-Narcotics Force (ANF), intelligence agencies and all provincial Counter Terrorism Departments (CTDs) to curb terror financing.
He said that National Coordinator NACTA Khalid Dad Lak chaired the MoU signing creamery during the 14th meeting of National Task Force on Countering Financing of Terrorism (CTF) at NACTA headquarters.
"The MoU will facilitate the sharing of financial intelligence among FMU, LEAs and intelligence agencies," he said.
Khalid Dad Lak while speaking on the occasion emphasised upon the LEAs to investigate all predicate crimes from the perspective of terror financing. He asked LEAs to seek guidance from standard operating procedure (SOPs) of NACTA and underscored the need for LEAs to internally develop their SOPs to mitigate the risk of terror financing.

Copyright Business Recorder, 2019

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