MONTHLY TBML-[TRADE BASED MONEY LAUNDERING]-RELATED STRS'VOLUME SURGES BY 398%IN PAKISTAN-ADB

MONTHLY TBML-[TRADE BASED MONEY LAUNDERING]-RELATED STRS'VOLUME SURGES BY 398%IN PAKISTAN-ADB

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ISLAMABAD: Pakistan’s monthly trade-based money laundering (TBML) related suspicious transaction reports (STRs) volume increased by an average of 398 percent, says Asian Development Bank (ADB).


“From July 2023 to June 2024, the FMU recorded a monthly average of 191 STRs related to suspicious trade transactions, whereas the monthly average pre-pilot was just 38,” the bank stated in a brief “transforming the fight against trade-based money laundering: New Data and Partnerships.”

This brief presents the results of a TBML pilot conducted by ADB Trade and Supply Chain Finance Program. The pilot introduced new data, training, and collaboration in Bangladesh, Mongolia, Nepal, Pakistan, and Sri Lanka to enhance the detection and investigation of TBML crimes. This initiative was a joint effort with the United Nations Office on Drugs and Crime (UNODC) goAML team, and the FIUs of these five countries.

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