An Anti-Money Laundering Cell has been set up at the headquarters of the National Accountability Bureau (NAB) in Islamabad here on Thursday.

The cell will be headed by Director General Operations Zahir Shah and other members include Director Zafar Iqbal, Mufti Abdul Haq, Jahanzaib Farid, Sohail Ahmed and Nasir Mughal.

It is said that the specialized monitoring cell will also coordinate the Financial Action Task Force (FATF) secretariat and concerned stakeholders for curbing the financial crimes of illegal transfer of resources.

The authorities will be able to continue the thorough investigation against those elements financing terrorists in the country after the establishment of the cell.

Earlier in September last year, the Securities and Exchange Commission of Pakistan (SECP) had issued the Anti-Money Laundering/Countering Financing of Terrorism (AML/CFT) guidelines for non-profit organizations (NPOs).

The guidelines have been issued on the basis of the recommendations of the Financial Action Task Force (FATF), keeping in view the evolving threats and challenges faced by NPO sector in the country.