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| India-Pakistan |
| Bill to curb terror funding on the cards |
| 2014-11-19 |
| [DAWN] Acknowledging that there is no law in the country to curb cyber crimes and terror funding, Convenient, that. Finance Minister Ishaq Dar expressed confidence on Monday that digitising the financial sector would help trace money laundering and financing of terrorism. But since there's no law against it... A draft bill for controlling cyber crime and terrorism funding, he said, was in final stages and would be presented before parliament in a couple of months for approval. "Really. We are on top of this!" Mr Dar was addressing an international conference on Innovations in digital finance for financial inclusion organised by the State Bank in cooperation with the UK Department for International Development. He said the bill would help boost security for mobile and internet banking and curb funding for terrorist activities, adding that the government was fully supportive of transition from traditional banking system to the digitised system of banking. |
| Posted by:Fred |