Pakistan Forms New Unit to Target Crypto‑Related Crime

Why a Dedicated Crypto Unit Is Critical for Pakistan’s Security

The Federal Investigation Agency of Pakistan announced on Tuesday that it has created a specialized unit within its National Command and Control Centre to investigate digital‑asset offenses. The move was disclosed by Muhammad Athar Waheed, director of the FIA’s counter‑terrorism wing, and aims to address the growing misuse of cryptocurrencies in illicit activities across the country.

The unit will focus on tracing cryptocurrency transactions linked to money laundering, terrorism financing, and other serious crimes. Authorities say the rapid rise of digital tokens has outpaced existing law‑enforcement tools, prompting a need for dedicated expertise. Waheed urged other major agencies, including the State Bank and the Securities Commission, to set up parallel teams that can share intelligence and coordinate operations. The FIA expects the new cell to employ blockchain analytics, forensic accounting, and international cooperation to dismantle covert networks.

Pakistan’s financial sector has seen a surge in crypto trading platforms, many operating without clear regulatory oversight. This environment creates opportunities for criminals to move funds anonymously, bypassing traditional banking safeguards. Analysts note that the lack of a focused investigative body has hampered previous attempts to seize illicit proceeds. By embedding the unit in the National Command and Control Centre, the FIA can leverage real‑time data streams and collaborate with cyber‑crime divisions. „We need a team that understands the technical nuances of blockchain,” Waheed said, emphasizing the urgency of building capacity before the problem escalates.

Can the New Unit Effectively Curb Crypto Fraud?

Early indications suggest the unit will improve detection rates, but challenges remain. Crypto transactions are often split across multiple wallets and jurisdictions, complicating traceability. Moreover, the legal framework governing digital assets is still evolving, leaving gaps that savvy offenders can exploit. Experts argue that success will depend on the unit’s ability to secure court orders for overseas exchanges and to train investigators in advanced analytics. International partners, including Interpol and regional cyber‑crime coalitions, have pledged support, offering tools that could accelerate investigations.

The establishment of this unit signals a broader shift in Pakistan’s approach to financial crime. If the FIA can harness technology and inter‑agency cooperation, it may set a precedent for other South Asian nations grappling with similar threats. Continued investment in expertise and legislative clarity will be essential to sustain momentum and protect the integrity of the nation’s financial system.

Frequently Asked Questions

What types of crimes will the new unit target? The unit will investigate money laundering, terrorism financing, fraud, and any illegal activity that uses cryptocurrencies as a conduit.

How will the unit obtain information from overseas crypto exchanges? Through mutual legal assistance treaties and cooperation with international bodies, the unit can request transaction data and freeze assets held abroad.

When will the unit become fully operational? The FIA plans to staff the unit and begin active investigations within the next three months, pending recruitment and training of specialists.