Pakistan launches unit to investigate crypto crimes and terror financing

Pakistan's Federal Investigation Agency (FIA) has established a specialized unit to investigate cryptocurrency-related crimes, aiming to strengthen efforts against money laundering, terrorist financing, and financial offenses involving digital assets.

In a statement issued today, the agency said the new unit was formed under the direction of its Director General and will be responsible for probing cases of money laundering and terrorist financing conducted through cryptocurrencies, as well as monitoring suspicious financial transactions linked to digital assets.

The FIA added that the unit will also investigate cybercrimes and financial fraud involving cryptocurrencies, utilizing the latest technologies and international standards in its investigative work.

The agency emphasized that this move is intended to boost Pakistan's capacity to combat financial crimes and to take more effective legal action to prevent the misuse of cryptocurrencies and protect the country's financial system.