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Regional countries should not ignore responsibilities over money laundering: Governor SBP

ISLAMABAD: Governor State Bank Ashraf Mahmood said that regional countries should not neglact threats and responsibilities regarding money laundering.

Addressing seminar held under SAARC Finance, Ashraf said that in today’s world financial institutions are facing money laundering threats more than earlier, for which regional countries should not neglact their responsibilities.

Governor Central Bank said that we need to strengthen payment modes, while SAARC regional regulators should mutually exchange views over the difficulties regarding payment system and to focus in search of resolve that trade and business flow should not be affected.