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SBP Defends Raast Digital Payment System Against FATF Money Laundering Claims

The State Bank of Pakistan rejected allegations linking its domestic instant payment platform, Raast, to money laundering following a recent FATF report, clarifying that cross-border transfers are not currently supported.

4 Sept, 10:10 — 4 Sept, 10:10
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express-tribuneMostly Factual2d ago

SBP rejects 'misleading headline' linking Raast to money laundering in wake of FATF report

Maintains that Raast does not currently facilitate cross-border transfers

By Web Desk

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