And isn't it about time????

Pakistan: New banking unit to curb terror funding.


Pakistan's State Bank has introduced new checks on money transactions which may be used to monitor the funding of mosques and seminaries across the country. The bank said it had decided to establish a Financial Monitoring Unit (FMU) to curb money laundering and terrorist financing.The move is considered significant as it came while the military operation against militants holed up in Lal Masjid and Jamia Hafsa was at its peak and showed the government’s concern over the flow of funds to seminaries.


Follow the money...don't make me show the bagman again!


Senior bankers said that people who provided funds to the Lal Masjid and other mosques and madrassas or Islamic seminaries through cheques could be traced.“An incident like Lal Masjid could put the donors into a difficult situation,” said a senior banker. The head of Lal Masjid, Maulana Abdul Aziz, has already disclosed names of some people who have been providing funds to his madrassas.


There's more work to be done - as usual the legislators are the caboose bringing up the rear of the train.


“The scope of FMU will be further enhanced once the legislation on anti-money laundering is passed."