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NAB cell to counter terror financing, money laundering - Newspaper

A logo of the National Accountability Bureau (NAB) is seen on the main entrance of their office in Karachi, Pakistan. Reuters/File ISLAMABAD: The National Accountability Bureau (NAB) has established the Anti-Money Laundering and Combating the Financing of Terrorism (AML&CFT) cell to check financial crimes and illegal transfer of resources. However, the main responsibility to investigate terror financing cases will still lie with the Federal Investigation Agency (FIA). A senior official of the anti-graft watchdog told Dawn that the AML&CFT cell would coordinate with the Financial Action Task Force (FATF) Secretariat and stakeholders concerned to curb money laundering and terror financing.

Corruption breeds poverty, undermines social and economic development: NAB

July 5, 2021 Islamabad : Justice (r) Javed Iqbal, Chairman NAB has said that corruption breeds poverty, undermines the social and economic development of the country. NAB being the focal agency of Pakistan under the United Nations Convention against Corruption (UNCAC) is determined to weed out this scourge of corruption and to make Pakistan Corruption free by adopting the Accountability for All policy. NAB being the apex anti-corruption agency and mandated to eliminate corruption, corrupt practices, is operating through a three-pronged strategy of Awareness, Prevention and Enforcement. In order to eradicate this evil from society, it has consistently engaged all stakeholders and is incessantly combating this national menace with unflinching resolve through its multi-pronged strategy, which has started yielding remarkable results. In addition, NAB has played the role of a torch-bearer for other anti-corruption organizations by putting a maximum limit of 10 months for expeditious

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