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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…

HEC postpones nationwide written tests

The Higher Education Commission’s Education Testing Council (ETC) has announced the postponement of several written tests originally scheduled for October 11 and 12. “The postponed tests include the Undergraduate Studies…

Virtual assets law: a faulty approach

The emergence of Pakistan’s regulatory framework for crypto assets unfolds not through a linear evolution but as a series of abrupt pivots, uncertain mandates, and fragmented institutional posturing. Initial state…

Pakistan’s roadmap to crypto legalization—V

The taxation of cryptocurrency assets in Pakistan plays an important role in the broader framework of legalizing digital currencies within the country. The preceding articles in this series have methodically…

Pakistan’s roadmap to crypto legalization—IV

The legalization of cryptocurrency in Pakistan is gaining momentum, requiring a strong regulatory framework to mitigate financial crimes. The previous articles in this series have laid the basis by discussing…

FATF evaluations

India’s progress in combating illicit finance was brought into focus on September 18, 2024, with the release of the Mutual Evaluation Report by the Financial Action Task Force (FATF). This…

SDG 16 & financial crimes: challenges

Promote peaceful and inclusive societies for sustainable development, provide access to justice for all and build effective, accountable, and inclusive institutions at all levels— Sustainable Development Goal 16, United Nations…

FATF strategic initiatives & Pakistan

The fourth, three-day plenary session of the Financial Action Task Force (FATF) concluded on October 27, 2023, with delegates from more than 200 jurisdictions that addressed prominent issues related to…

Eccentric currency market reforms

September 2023 holds some significant importance for Pakistan, marked by a series of notable events. In the first week of this month, we witnessed unusual and rapid surge in the…

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…