February 11, 2017
Tracking down money laundering and terrorism financing will now be easier thanks to a new high-tech data centre inaugurated by State Bank of Pakistan Governor, the British High Commissioner and the Representative of the United Nations Office on Drugs and Crime (UNODC) at the financial monitoring unit (FMU) in Karachi on Friday. Previously, analysis of financial data at the autonomous FMU was undertaken manually which was slow and vulnerable to oversight. Now, the customised software and high precision equipment installed in the new data centre will allow the FMU to analyse suspicious transactions in a more robust, sophisticated and automated manner. On the occasion the SBP Governor showed his confidence in the new data centre and said it will strengthen its ability to generate better financial intelligence.