The United Arab Emirates' central bank is investigating a Pakistani bank to ascertain if it violated anti-money- laundering and terrorism-financing laws, the regulator said on Wednesday. The inquiry comes as Pakistan is under examination by a Paris unit of the Financial Action Task Force, a global financial watchdog.

The Central Bank of UAE (CBAUE) said in a statement on Wednesday that it was in "close contact" with Pakistan's banking regulator to verify reported irregularities of a Pakistani bank in the UAE.