Financial Action Task Force (FATF) - bigspay: FinTech, Blockchain, and Crypto News

Oman-based hawala network used WhatsApp and e-wallets for transfers to Pakistan

Oman Hawala Network Used WhatsApp and E-Wallets for Pakistan Transfers

An Oman-based hawala network used WhatsApp, mobile-linked transfers and e-wallets to facilitate suspected unlicensed cross-border remittances to Pakistan, highlighting how traditional underground banking networks are adapting to digital financial tools.…

Zara Fatima September 6, 2026

State Bank of Pakistan rejects FATF claims linking Raast payment system to money laundering

FinTech & TradFi

SBP Rejects Claims Linking Raast to Money Laundering

The State Bank of Pakistan (SBP) has rejected media reports and social media claims suggesting that the Financial Action Task Force (FATF) identified Pakistan’s Raast payment system as a channel…

Zara Fatima September 4, 2026