Money laundering is a threat to the national economy says Minster Law

Islamabad – (Special Correspondent)-The National Accountability Bureau (NAB), in collaboration with Adam Smith International and the British High Commission, organized a high-level seminar on “Anti-Money Laundering: Challenges and Solutions”. The event was graced by Federal Minister for Law and Justice, Senator Azam Nazeer Tarar, who attended as the chief guest.

Officers from NAB’s seven regional offices also participated virtually in the seminar, which aimed to review Pakistan’s ongoing efforts against financial crimes, particularly money laundering, and to chart a unified strategy for effective enforcement.

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Speaking at the event, Minister Tarar termed the seminar a “milestone” in addressing sensitive national issues. He emphasized that joint action under one roof, coupled with open dialogue and collaborative problem-solving, is the best way to deal with challenges like money laundering.

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He warned that if those involved in laundering money are not dealt with strictly, it could irreparably damage Pakistan’s economy and tarnish the country’s image globally. The Minister urged all institutions to act responsibly, professionally, and in ways that build public trust and respect.

He also commended the performance of NAB and other enforcement agencies, saying their efforts are crucial for preserving national integrity and financial security.

Prominent figures who spoke at the seminar included:

• Raja Riffat Mukhtar (DG NAB)

• Samira Azam (Director FIA)

• Aqeel Ahmed Siddiqui (DG FBR)

• Maj. Gen. Abdul Moeed (DG)

• Israr Ahmed (Director ANF)

• Waseem Ahmed Khan (Additional IGP CTD)

• Muhammad Javed Ismail (DG FMU)

• Mushtaq Ahmed Sukhera (Chairman AML/CFT)

• Umar Riaz Cheema (DIG UPSCALE)

These leaders not only presented their agencies’ contributions and achievements but also discussed current challenges and proposed practical solutions. They reiterated their commitment to working collectively to eliminate financial crimes from Pakistan.

NAB Leadership Calls for Institutional Coordination

Deputy Chairman NAB, Sohail Nasir, explained that the purpose of bringing institutions together was not only to share expertise but also to learn from past mistakes and improve inter-agency coordination.

Chairman NAB, Lt. Gen. (Retd) Nazir Ahmed, welcomed participants and said that NAB has taken the first step in uniting institutions to combat money laundering. He called on all agencies to regularly conduct such collaborative events to build institutional capacity and share success stories.

Chairman Nazir Ahmed thanked Minister Azam Tarar for his presence and assured that despite challenges, all institutions are committed to fulfilling their duties for the security and good name of Pakistan.