Karachi, The United Nations Office on Drugs and Crime (UNODC) and the Financial Monitoring Unit (FMU) held a conference on June 10th titled ‘Navigating the Future of AML: Sustaining Solutions for Financial Integrity.’ The gathering of international and local stakeholders focused on enhancing Anti-Money Laundering (AML) efforts following Pakistan’s exit from the Financial Action Task Force’s (FATF) grey list.

According to United Nations Office on Drugs and Crime, the event aimed at strengthening collaborative ties among banks, financial institutions, and regulatory bodies to tackle emerging threats and share global best practices in AML strategies. Keynote speakers, including Ms. Shamshad Akhtar and Mr. Jeremy Milsom, emphasized the need for continuous improvements and innovative approaches in combating money laundering, especially with a new round of Mutual Evaluation by the Asia Pacific Group on the horizon.

The conference highlighted the transformative role of UNODC in building AML capacities in Pakistan and discussed various AML topics, such as trade-based financing and the use of cryptocurrencies in money laundering. The event underscored the importance of maintaining and building on the momentum of Pakistan’s recent FATF delisting to ensure a secure financial future.