I wish the Seminar all success and hope that our guests from the Banque de France have a pleasant stay in India and do find time to get a feel of the rich cultural cocktail that this country presents. Ladies and gentlemen thank you for your patience. Merci.
Let me briefly mention some of the steps which State bank of Pakistan has taken to prevent use of banking sector from crime proceeds. BIS Review 24/2005  1  •  Introduced a comprehensive regulatory framework by issuing prudential regulations for banks/ DFIs. These regulations cover the necessary features of AML regime for financial institutions as required under FATF recommendations.