SBP advises banks to root out terrorist financing

The State Bank of Pakistan (SBP) has directed all Banks, Development Financial Institutions (DFIs) and the Microfinance Banks (MFBs) to align their existing monitoring functions/system with amendments in United Nations Security Council (UNSC) resolutions within six months. Through the guidelines, UNSC resolution further tightened the banks, DFIs and MFBs and advised them not to provide Read More