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SBP Snubs Social Media Reports Linking Raast to Money Laundering
The central bank said the FATF report cited Raast only as a domestic payment channel and raised no concerns about its payment infrastructure.
Summary by The Express Tribune
5 Articles
5 Articles
The State Bank of Pakistan on Friday dismissed reports that the global financial crime watchdog Financial Action Task Force (FATF) has identified the country’s instant payment system ‘Raast’ as a means of money laundering. The State Bank said the findings of a report on underground banking and hawala networks were misrepresented. The clarification came after a FATF report was released this week that examined the growing use of underground bankin…
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Total News Sources5
Leaning Left0Leaning Right1Center1Last UpdatedBias Distribution50% Center, 50% Right
Bias Distribution
- 50% of the sources are Center, 50% of the sources lean Right
50% Right
C 50%
R 50%
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