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Habib Bank from Pakistan limited under scrutiny in the UAE for terror financing activities

Habib Bank from Pakistan limited under scrutiny in the UAE for terror financing activities

February 21, 2020 » Today News »

 Affected Countries: pakistan; united-arab-emirates;

UAE’s central bank is investigating the biggest bank in Pakistan, which is a state-owned bank, for alleged money laundering and terror financing activities, the Central Bank of UAE [CBAUE] said on the 19th February in in a statement.

This investigation has started parallel to FATF proceedings in Paris which seek to ascertain Pakistan’s role in funding terror across the globe and also to conclude if the country be put on the black list.

Source: Industry Global News 24

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