PERSPECTA

News from every angle

← Back to headlines

SBP Defends Raast Digital Payment System Against FATF Money Laundering Claims

The State Bank of Pakistan rejected allegations linking its domestic instant payment platform, Raast, to money laundering following a recent FATF report, clarifying that cross-border transfers are not currently supported.

4 Sept, 10:10 — 4 Sept, 10:10
PostShare

Sources

Showing 1 of 1 sources
express-tribuneMostly Factual2d ago

SBP rejects 'misleading headline' linking Raast to money laundering in wake of FATF report

Maintains that Raast does not currently facilitate cross-border transfers

By Web Desk

Read full article →

Related Stories

Jaguar Land Rover Plans Up to 4,000 Job Cuts Amid Financial Pressure

54m ago

Reports Suggest Iran Planning Multi-Front Attack on Israel

1h ago

OPEC+ Maintains Oil Output Policy for October

1h ago

China Injects Billions into State Banks and Insurers

2h ago