The FATF conundrum
Pakistan was put on the grey list by the FATF in June 2018 and had given 27 action plans till September 2019 to comply for coming out from it. The Asia Pacific…
Urgency to fulfil FATF action plan
The success of the International Monetary Fund (IMF) bailout package depends on several factors however one that is not under much discussion domestically at least (though one would hope this…
Money laundering – I
Last week, the Prime Minister of Pakistan announced four fundamental steps with respect to the economic program, for immediate future. Notably, taking strict actions against money laundering activities is one…
$10 billion a year
In March 2017, the US Department of State released its ‘International Narcotics Control Strategy Report’. According to the Report, “The international community loses hundreds of billions of dollars every year…
Verdict awaited – I
In the wake of 'The Panama Papers: how the world's rich and famous hide their money offshore' (The Guardian, April 3, 2016), a debate is going on endlessly in Pakistan…
The Panamanian ‘epidemic’
Trying to portray business as usual, the rich and the powerful identified in the Panama Leaks are scrambling for cover across the world. The history of "Commissions" in Pakistan does…
Making accountability effective
Given the nexus between corruption, organised crime and terrorism, the targeting of corruption has been compromised by our rather deliberate lackadaisical attitude. Corruption has subverted our society to the extent…
Combating the financing of terrorism
Channeling money through 'hound' and avoiding the legitimate financial system is one of the best methods of "whitening" dirty money. In layman's words, money-laundering is conversion of dirty money into…
Menace of narco-terrorism
Every survey made since promulgation of Prohibition (Enforcement of Hadd) Order, 1979 ["Hadd Order"] shows that this nation has been persistently sinking deeper into narco-terrorism-a term signifying the drug-terror trap.…
Terror money
The daunting challenge faced by the national and international institutions at present is tackling terror financing. The dangers and implications involved in terrorist financing have direct bearings on our established…
