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India-Pakistan
Pak central bank moves to curb terror funds
2006-07-10
The State Bank of Pakistan (SBP) - amending anti-money laundering regulations - has directed all the banks and financial institutions to report promptly in case "the funds are the proceeds of a criminal activity or terrorist financing." The central bank in a circular has stated that the amendments had been made to ensure compliance with Financial Action Task Force recommendations on money laundering.
"Attention all banks! BOLO for money deposited by or for Zionists masked men! That is all!"
If the Bank/DFI suspects, or has reasonable grounds to suspect, that funds are the proceeds of a criminal activity or terrorist financing, it should report promptly its suspicions through Compliance Officer of the bank/DFI to Banking Policy Department of the SBP, said the circular. It said that this move was aimed at safeguarding the interest of depositors from risks arising out of money laundering and to reinforce the measures taken by the banks and DFIs for proper management of their institutions.
Posted by:Seafarious

#5  Ima think mojo got his finger on the scream button as per usual.
Posted by: 6   2006-07-10 17:39  

#4  Are the FBI people still over there?
Posted by: trailing wife   2006-07-10 13:10  

#3  "Please don't pull our transfer credentials!"
Posted by: mojo   2006-07-10 13:03  

#2  The State Bank of Pakistan (SBP) - amending anti-money laundering regulations - has directed all the banks and financial institutions to report promptly in case "the funds are the proceeds of a criminal activity or terrorist financing."

Any bets that the definitions of "criminal" and "terrorist" don't include jihad?
Posted by: Rob Crawford   2006-07-10 08:51  

#1  Wow, 01, 02, 03, 04, 05, 06, that's 5 years late.
But, you still get free checking.
Posted by: wxjames   2006-07-10 08:28  

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