FMU Issues Red Flag Indicators For Detection of Transactions Made Through The Proceeds of Drug Trafficking
Financial Monitoring Unit (FMU) has issued ‘red flag indicators’ to the financial institutions for detection of financial transactions relating to proceeds generated through drug trafficking.
The FMU has shared these ‘Red Flag indicators’ with the Governor, State Bank of Pakistan; Chairman, Securities and Exchange Commission of Pakistan; Chairman Federal Board of Revenue; Directorate General of Designated Non-Financial Business and Professions (DNFBPs); President, Institute of Chartered Account Pakistan (ICAP); President, Institute of Cost and Management Accountant Pakistan (ICMAP); Director-General, Central Directorate of National Savings (CDNS) and Director General, Anti-Narcotics Force.
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