Strengthening AML laws
The volume of suspicious transaction reports submitted by banks and others across key financial centres is said to be growing at 11% per year, with over 2.6 million reports expected…
The volume of suspicious transaction reports submitted by banks and others across key financial centres is said to be growing at 11% per year, with over 2.6 million reports expected…
The Bank of Italy is carrying out an on-site inspection at the Italian offices of Bank of China Ltd, a Chinese state-owned bank already facing accusations of aiding illicit money…
Addressing concerns that a landmark nuclear deal reached this year could boost Iran's military power, the Obama administration reassured critics that it would maintain and enforce its remaining tough sanctions…
Point six of the National Action Plan calls for the state to choke terrorism financing. Choking funds is not possible without understanding the processes of fundraising, transfers and utilisation of…
The historic nuclear deal reached between Iran and major world powers has yet to be implemented, but one clear winner has emerged: Iran's highest authority, Supreme Leader Ayatollah Ali Khamenei.…
Appraisal of global and domestic initiatives: Since the tragic event of September 11, 2001, the United States and its allies have been engaged in what they call 'war on terror'…
"Pakistan has taken steps towards improving its AML/CFT regime, including by issuing an SRO to increase the maximum monetary sanction for non-compliance with S/RES/1267. However, despite Pakistan's high-level political commitment…
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…
DURING his recent official trip to China, President Asif Zardari reaffirmed Pakistan’s commitment to the strategic partnership with that country. In his meetings with Chinese leaders, especially President Xi Jinping, the Pakistani leader…
Chinese startup DeepSeek, which has sparked panic on Wall Street with its powerful new chatbot developed at a fraction of the cost of its competitors, was founded by a hedgefund…