ISLAMABAD: The purpose of Asia Pacific Group (APG) deliberation with Pakistan was to gauge the country’s compliance on key Anti-Money Laundering and Combating the Financing of Terrorism (AML/CFT) framework. In a statement issued here, Ministry of Finance stated that Pakistan is passing through two separate processes one is FATF Action Plan and another is regular […]

Pakistan’s largest bank will shutter its only branch in the United States after regulators there announced they were seeking a US$ 630 million fine for failure to follow anti-money laundering measures, Reuters reported Monday. The New York State Department of Financial Services (DFS) said it was seeking the penalty against Pakistan’s Habib Bank Limited (HBL) for more […]

Thomson Reuters in conjunction with The Combating Terrorism Center at West Point has looked at the interrelationship between illicit activity in economic and political arenas and issued a report titled: Risky Business: The Global Threat Network and the Politics of Contraband See the report here –RiskyBusiness_The Global Threat Network The report utilizes Thomson Reuters Accelus […]

Altaf Hussain, a Pakistani exile who runs Karachi’s most powerful political party from his home in north London, has been arrested for suspected money laundering Altaf Hussain, the controversial leader of Pakistan’s Muttahida Qaumi movement, has been arrested at his home in London, according to his office in Edgware. Scotland Yard did not name Hussain but […]