ISLAMABAD: Fourteen law enforcement agencies (LEAs) and other institutions have agreed to work together under the umbrella of the National Counter Terrorism Authority (Nacta) to eliminate terror financing from the country.
According to a notification, Nacta has signed a multilateral cooperation contract with the National Accountability Bureau (NAB), the Federal Investigation Agency (FIA), the Federal Board of Revenue (FBR), the Financial Monetary Unit (FMU) and provincial Counter Terrorism Departments (CTDs)
Nacta said the aim of this contract is to trace money laundering used in fomenting terrorism; to curtail this and to conduct an effective investigation. Through this agreement, suggestions of Nacta’s National Task Force against terror funding would be implemented effectively.
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All the said institutions will cooperate under the anti-money laundering Act 2010 and antiterrorism Act 1997. Apart from this, all institutions will be able to share confidential information regarding the terror financing through this contract.
This will strengthen the communication between agencies and will also be facilitating the joint investigation teams (JIT) formed by the National Task Force.