It’s our country
The last few months have given us the feeling that it is indeed our own country we are living in. Had this not been so, we would not have appreciated…
FATF and AML compliance requirements
1. Legal Measures: Criminalization of Offences, Investigations and Prosecutions: FATF recommendations require Criminalization of money laundering through domestic legislation.1 The recommendations also provide to specify the scope of liability in…
Nothing that a miracle can’t cure
Ask yourselves which of our problems we have solved since Independence. Do millions not continue to live in prehistoric squalor? Don’t hunger and disease still haunt the poor? Have not…
The new kingmaker
Since the return to Pakistan last month of the Tehreek-e-Minhaj-ul-Quran (TMQ) chief, Tahirul Qadri, strange things have happened in unexpected ways. A political analyst, thinking loudly, quoted William Cowper’s 1773…
Putin hits out at opponents: ‘We have been provoked’
Russian President Vladimir Putin adopted an avuncular tone during his lengthy press conference with 1,200 journalists, but he nevertheless took a hard line in defending his policies against a rising…
Crime and terrorism: Financial challenges – I
INTRODUCTION: This paper seeks to integrate the efforts made by individual group activity members while studying and analysing the manifold directions of money laundering and terrorist financing. The topics assigned…
Crime and terrorism: Financial challenges – II
Risk-based approach: Nations are operating within a comprehensive international framework that deters financial crime and terrorism in the first place; detects it when it happens and disrupts the activities of…
Banking, other financial businesses: customer identification program and international conventions
Customer identification in banking and financial businesses has gained importance due to abnormal increase in financial crimes including tax evasion, money laundering and terrorist financing. There are two sets of…
