Victim protection
CRISES, crime and tragedy traumatise the people. Trauma not only directly affects the actual victims but also those who witness the cause of their distress. Such victims, especially the victims…
FATF and its impact on country’s economy
Pakistan has gone through so many challenges and adversaries in its relatively short life span of 75 years that it is not only remarkable, but it shows its resiliency and…
New PM and reforms agenda
Pakistan needs all out fundamental structural reforms in all areas of governance. However, the most important and immediate is political stability — the main challenge faced by the 23rd Prime…
Pakistan and FATF mandate
The Financial Action Task Force (FATF) released the Report on the State of Effectiveness and Compliance with the FATF Standards in April 2022. This report contains a comprehensive overview of…
The FATF ordeal
The four-day-long sixth plenary meeting of the Financial Action Task Force (FATF) concluded on March 4, 2022 with adoption of amendment to recommendation 24 and its interpretive note. The purpose…
FATF & real estate reforms
The real estate sector is an attractive sector for money launderers. They conceal their illegitimate earnings, disguising their identities and laundering funds. Financial Action Task Force (FATF) is considering revision…
In Istanbul and Dubai, Russians pile into property to shelter from sanctions
Wealthy Russians are pouring money into real estate in Turkey and the United Arab Emirates, seeking a financial haven in the wake of Moscow’s invasion of Ukraine and Western sanctions,…
Identity theft and benami law in Pakistan
Readers may test their vocabulary before reading this article by asking themselves meaning of the word “benami” in common parlance. Many people might have never heard this word and many…
AI, new weapon against money launderers
Money laundering is a worldwide menace. According to the United Nations Office on Drugs and Crime, money laundering accounts for up to 5% of global GDP - or $2 trillion…
FBR: new chairman old challenges
On July 4, 2017, Tariq Mahmood Pasha, a seasoned grade-22 officer from Internal Revenue Service (IRS), assumed the charge of Chairman Federal Board of Revenue (FBR). The appointment of chairman from…
