Promoting culture of political integrity
What happens when a politician writing a law on garbage disposal happens to own shares in a company that specializes in disposing of garbage? Or, if that company has donated…
No meaningful progress
Narendra Modi’s emphatic election victory is not only a reaffirmation of his Hindu nationalist agenda but also an endorsement of his muscular foreign policy, particularly towards Pakistan. India’s relationship with…
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…
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…
Bank of Italy conducting supervisory inspection at Bank of China offices
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…
US enforcement of Iran arms embargo slipped during nuclear talks: sources
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…
Funding terrorism
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…
Conglomerate controlled by Iran’s supreme leader a winner from nuclear deal
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.…
Combating financing of terrorism – II
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'…
Combating financing of terrorism – I
"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…
