KARACHI: Despite the government’s move to link all dollar transactions with Nadra, including a new facial-recognition requirement, exchange companies warn that loopholes for misuse will persist unless a centralised 1Link-style system is introduced to track buyers across the market.

The government and the State Bank have been introducing stricter controls in a bid to plug leakages amounting to hundreds of millions of dollars.

“In order to ensure uniform, consistent, enhanced security across identification and verification protocols, the Ministry of Interior and Narcotic Controls (MoI&NC) has directed to incorporate facial recognition, in addition to finger/thumb print, for biometric verification services obtained through Nadra,” said a........

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