United Nations Office on Drugs and Crime

Pakistan

10 June 2024, Karachi witnessed a landmark conference organized by the United Nations Office on Drugs and Crime (UNODC) in collaboration with the Financial Monitoring Unit (FMU). Titled, ‘Navigating the Future of AML: Sustaining Solutions for Financial Integrity’, the event aimed to address the critical aspects of maintaining compliance and strengthening frameworks after Pakistan's removal from the FATF grey list. 

The conference brought together a diverse group of high-level stakeholders, including representatives from banks and financial institutions, regulatory authorities, criminal justice institutions, policymakers, and international partners. This convergence aimed to foster a shared vision for sustaining the progress made in Pakistan's Anti-Money Laundering (AML) and Counter-Terrorist Financing (CTF) measures. 

In the opening session, the Director General of FMU praised the collective efforts that led to Pakistan’s success in exiting the FATF grey list and emphasized the importance of sustaining these efforts. The UNODC Representative highlighted UNODC’s role in supporting Pakistan’s AML reforms and underscored the importance of continued vigilance and innovation in addressing emerging threats. 

The conference featured a series of sessions focusing on various aspects of AML/CTF measures. Experts discussed emerging threats related to money laundering and terrorist financing, and the roles of different institutions in sustaining AML/CTF frameworks. 

International experts from UNODC’s Global Programme against Money Laundering (GPML) shared insights on global trends and best practices, particularly in trade-based financing and cryptocurrency. 

Participants gained valuable insights into the roles of the State Bank of Pakistan, Securities and Exchange Commission of Pakistan, and law enforcement agencies in maintaining financial integrity. 

The sessions emphasized the importance of a collaborative approach and the need for continuous adaptation to new challenges in the financial landscape. 

The event concluded with a call to action for all stakeholders to work together in ensuring a secure and transparent financial system. The UNODC and FMU reiterated their commitment to supporting Pakistan’s efforts in this crucial endeavor. 

The event marked a significant step forward in sustaining broad based AML reforms through a spirit of collective action and concerted efforts.

Media:

https://www.facebook.com/unodc.pakistan/posts/779232201080476?ref=embed_post

https://www.facebook.com/unodc.pakistan/posts/778280137842349?ref=embed_post 

https://www.facebook.com/unodc.pakistan/posts/778615224475507?ref=embed_post

https://www.linkedin.com/feed/update/urn:li:share:7205239823475945472/?actorCompanyId=35718593

https://www.linkedin.com/feed/update/urn:li:activity:7205235866598858752

https://www.linkedin.com/feed/update/urn:li:ugcPost:7205828768110637056/

https://x.com/UNODCPakistan/status/1800058970700452156

https://x.com/UNODCPakistan/status/1799787420407463950

https://x.com/UNODCPakistan/status/1799786852309959127