Pakistan Central Bank Blocks 129 Bank Accounts Used In Terror Financing

Pakistan Central Bank Blocks 129 Bank Accounts Used In Terror Financing | PakistanTribe.com

Pakistan Central Bank Blocks 129 Bank Accounts Used In Terror Financing | PakistanTribe.com

[dropcap]K[/dropcap]ARACHI – The State Bank of Pakistan has blocked 129 bank accounts suspected to have been used for terror financing on Wednesday.

 

According to a private TV channel the central bank has so far blocked 121 bank accounts, having a sum of around Rs1 billion, under the United Nations regulations to check international terror financing.

He added that another eight accounts having a sum of Rs3.5 million have been blocked under the directives issued by the Federal Interior Ministry.

Samaa correspondent quoting SBP officials said that the move is part of central bank’s internal mechanism to detect and block dubious financial transactions.

Following the brutal Peshawar school attack in December 2014, Pakistan has launched a comprehensive National Action Plan to fight terrorism which, inter alia, includes measures to choke terror financing.

Video

Subscribe PakistanTribe’s YouTube Channel