Pakistan FIA Launches Crypto Unit to Target Money Laundering and Terrorist Financing
2026-07-21 19:41

Woofun AI reports that Pakistan's Federal Investigation Agency (FIA) has established a cryptocurrency investigation unit within its newly inaugurated National Command and Control Center (NC3). Dr. Muhammad Athar Waheed, head of the FIA's Counter-Terrorism Department, stated that the unit will probe money laundering and terrorist financing activities conducted through virtual currencies. The NC3 integrates financial crime tools, including anti-money laundering and virtual currency investigation units, onto a single platform. Dr. Waheed urged the National Cyber Crimes Investigation Agency and the Anti-Narcotics Force to establish similar departments to address crypto use in cybercrime and drug trafficking. The newly formed Pakistan Virtual Asset Regulatory Authority (PVARA) will oversee digital assets, as the country advances cryptocurrency exchange licensing following the lifting of its eight-year banking ban.

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Dr. Muhammad Athar Waheed
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