ISLAMABAD: The Federal Investigation Agency (FIA) has established two new directorates in its Anti-Money Laundering Wing to make operations against financial crimes more effective.
According to an FIA spokesperson, the newly established units include the Directorate of Anti-Money Laundering and the Directorate of Economic Crime, which will modernise and integrate the investigation and monitoring process of money laundering, banking fraud, hawala hundi and other financial crimes. Officials say that the aim of establishing these directorates is to make investigations more transparent, fast and effective so that misuse of the financial system can be identified in a timely manner.
According to economic experts, the establishment of special directorates will increase institutional capacity in preventing financial crimes. They say that clear responsibilities and a modern monitoring system will not only improve the speed of cases but will also restore the confidence of global financial institutions.
