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Streamlining the FBR in haste?

We are fast approaching the general elections, scheduled for February 08, 2024. However, the post-election landscape poses daunting politico-economic challenges for the already troubled economy. Concerns about fairness of elections…

Perpetual failure under AML-CFT regime

Our defective governance system has rendered the state and nation susceptible to numerous internal and external risks, eroding law and order, undermining the justice system, nurturing corruption, and ultimately jeopardizing…

New AML/CFT Authority

The series of challenges faced by Pakistan has no end. Besides political and economic hurdles, Pakistan’s most pressing problem is to align itself with global norms in combating money laundering…

Streamlining SOE privatization

In my previous piece in the pages (‘Privatize SOEs, please’, April 1), I had endeavoured to establish the need to aggressively and urgently privatize SOEs to save over a trillion…

Data services: Economy needs streamlining

No national policy can be comprehensive and durable unless backed by robust data derived from reliable sources and made available in a timely manner to policy managers. It may be…

AML regulations and fiscal laws – II

In the first article on this subject published on September 9, 2017 the relevance and changed perspective of anti-money laundering (AML) in today's world was briefly discussed. That article restricted…

Understanding the AML law

Last month, the Financial Action Task Force (FATF) announced that Pakistan would continue to remain on its grey list. The main consideration for not placing it on the while list…

Imran’s Hamletian Dilemma

Imran’s Hamletian dilemma

There surely was a touch of magic in what transpired on the floor of the Senate on Thursday afternoon. There they were, 64 of them standing to be counted as…

AI brings down AML cost

The cost of fighting financial crime is said to be enormous. In the US alone, the cost of anti-money laundering ("AML") compliance is estimated at $23.5 billion per year. European…