A high-tech launched in Financial Monitoring Unit, Karachi to Tackle Money Laundering in Pakistan.
In Financial Monitoring Unit, Karachi, a high-tech Data Center launched to tackle money laundering in Pakistan.
The new Data centre will operate and create the software goAML. According to the FMU, it is done manually and prone to Human errors. The goAML is a software and solution of money laundering, this software integrated by monitoring money and also analyzing financial transactions. They have all the information about Banks, Industries, agencies and all financial authorities.
The Governor of State Bank of Pakistan (SBP), Mr. Ashraf Mahmood Wathra, British High Commissioner, Mr. Tom Drew, and Mr. Cesar Guedes, Representative of United Nations Office on Drugs and Crime (UNODC) launched and present at the Data Center FMU.
SBP governor appreciated to A high-tech centre and their efforts about this system. They are also said and advised to banks and financial industries to bring their systems with goAML. It will be the secure from money laundry in Pakistan. The tirless efforts of Uk Department for Internaation Developement (DFID) they are show the result of 3 years effort. They are also believed that the goAML is the best system in Pakistan to take care and secure from money laundry in Pakistan.
Uk High Commissioner stated that, goAML data center will improve the business relation between Pakistan and UK. The agency in Pakistan is FMU, they are investigates the financial concerns and all about money laundry in Pakistan. UNODC is an investigating departmen about drugs, trafficking, corruption terrorism and all the illegal activities in Pakistan.
According to the UNODC, they said that
Today will be recorded and remembered as another meaningful day for the people of Pakistan in making one more step forward towards combatting corruption and building a society in which suspicious financial transactions and financing of terrorism are monitored, deterred and prevented