SIALKOT: The State Bank of Pakistan (SBP) has intimated to all Pakistan Customs collectors that it has come to the notice of the SBP that money laundering is on peak through import and export process.
SBP Governor Ashraf Mehmood Withra has disclosed that payments were made thrice abroad illegally in the wake of import and export shipments. He also informed all customs collectors and other institutions concerned, including the Federal Investigation Agency (FIA) and the Airport Security Forces etc that the process of money laundering should be stopped.
He also warned if any bank showed negligence with regard to money laundering, the SBP will take stern action against it.
