Pakistan money-laundering clampdown

PAKISTAN - The Pakistani Government is urging its expatriates working in the United Arab Emirates to send their wages home through legitimate banking channels rather than via informal means linked to money-laundering.

The Hundi or Hawala money exchange system has been used extensively by South Asian expatriates to send remittances to their families.

Now efforts to clamp down on the practice are being implemented on several fronts in the battle against the financing of terrorism.

For decades,

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: