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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…

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…

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…

Realistic outlook

THE IMF is considered the financial doctor of the last resort. A core function of the Fund is bailouts to countries struggling to meet international obligations in return for implementing…

Time to apply for FATF membership

The Financial Action Task Force (FATF) concluded its 5th Plenary presided over by Singaporean President T. Raja Kumar. Delegates from over 200 jurisdictions and international organizations convened in Paris for…

Business strategy in downtimes

Business environment has been uncertain and unsure. That was to be. Any country before the elections is naturally tentative. Any industry before the new government is elected is careful and…

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…

Africa Union tests diplomatic muscle with G20 entry

The Africa Union’s entry into the G20 group of the world’s most powerful economies highlights the continent’s growing influence and gives its leaders a stronger voice in global decision-making. African…

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…