Quetta, November 03, 2023: The Federal Investigation Agency (FIA) Balochistan convened a vital meeting at its Directorate with regional leaders from various banks, in a determined effort to address issues related to money laundering.
The session was presided over by Bakhtiar A Channa, Director of Law at FIA, who emphasized the significance of upholding regulatory rules and regulations set by the State Bank of Pakistan (SBP).
The FIA delegation included M Ali Abro, Deputy Director of FIA Commercial Banks Circle, and Alamzeb Jaffar, a Forensic Expert from FIA’s Anti Money Laundering Unit.
Together, they shared concerns about non-compliance issues observed among certain unscrupulous bankers, which have been contributing to the surge in banking-related crimes and money laundering.
During the discussions, the FIA team shed light on the key challenges encountered during their investigations, which have revealed significant breaches of SBP’s rules and regulations by some individuals within the banking sector.
These lapses have been identified as major factors driving an increase in money laundering activities.
Regional bank chiefs present at the meeting also expressed their views on the matter, and they were unequivocal in pledging their commitment to address these issues.
They assured the FIA team that they would leave no stone unturned in holding individuals accountable for any violations detected within their institutions.
Furthermore, they vowed their full cooperation in the collective effort to combat banking crimes, particularly money laundering.
