Featured Pakistan

Global watchdog keeps Pakistan on terrorism financing ‘gray list’

A global finance watchdog kept Pakistan off its terrorism financing blacklist on Friday but warned Islamabad it only had until February to improve or face international action. The Paris-based Financial Action Task Force, which tackles money laundering, said it was concerned that Pakistan had failed to complete the action plan… Read More

Pakistan expects to avert blacklisting over terrorism financing

Backed by longtime ally China, Pakistan is confident it will avert blacklisting over terrorism financing by a global watchdog on Friday but it will not be completely off the hook until it proves it is genuinely severing ties with Islamist militants, officials and analysts said. The Financial Action Task Force… Read More

Pakistan faces black list of countries financing terrorism

AP — Pakistan is trying to avoid getting blacklisted by the Financial Action Task Force, a global watchdog, when it meets Wednesday in Paris. Read More
1st October 2019
Pakistan’s government is facing an embarrassing high court case after allegedly failing to pay a multimillion-pound bill for tracking down properties once owned by the country’s disgraced former prime minister Nawaz Sharif. The asset recovery firm Broadsheet has launched an unusual claim for about £17m… Read More
10th September 2019
Pakistan on Monday submitted detailed answers to 125 questions posed by the Financial Action Task Force (FATF) on moves taken by it to strengthen anti-money laundering and combat financing of terrorism, as Islamabad seeks to move out of the FATF Greylist. The report was submitted by Pakistan’s Minister for Economic… Read More
6th September 2019
Money laundering is a complex type of a white-collar crime. It has far-reaching negative effects upon the economy of any country. What is money laundering? The Financial Action Task Force (FATF) identifies it as the processing of criminal proceeds to disguise their illegal origin. FATF being watchdog of governments’ financial… Read More
4th September 2019
A money launderer who claimed he had won the lottery 123 times has been forced to pay back almost half a million pounds after the National Crime Agency (NCA) hired an expert statistician to help prove he was lying. Kashaf Ali Khan, 45, of Prospect Lane, Solihull, bought a house in the… Read More
29th August 2019
There is “no question” of Pakistan being downgraded from a gray to a blacklist by a global financial watchdog this October for failing to curb money laundering and counter-terrorism financing, the prime minister’s top adviser on information said on Tuesday. Last year, the Financial Action Task Force (FATF) placed Pakistan… Read More
27th August 2019
The Asia Pacific Group of the FATF, a global watchdog for terror financing and money laundering, has put Pakistan in a terror ‘blacklist’ for its failure to curb funnelling of funds to groups responsible for scores of attacks in India, officials here said on Friday. While putting Pakistan in an… Read More
9th August 2019
Pakistan is looking to China and two other developing nations for support in avoiding tough financial sanctions, amid signs it is running out of time to meet global anti-money laundering and counter-terrorism financing standards, according to people familiar with the matter. The government in Islamabad expects it will fail to… Read More
9th August 2019
Maryam Nawaz, Pakistan’s former prime minister Nawaz Sharif’s daughter, was arrested from the Kot Lakhpat jail, Lahore on Thursday in a money laundering case while she was on her way back from visiting her father, who is lodged in the same prison, an official said. On July 31, Pakistan Muslim… Read More
2nd August 2019
The United States had repeatedly pressed visiting Prime Minister Imran Khan and his delegation, which included the powerful army chief and the ISI boss, on compliance with counter-terrorism commitments that Pakistan has given to an international body that monitors and combats financing of terrorism. Pakistan’s obligations to the Financial… Read More
4th July 2019
Pakistani authorities announced a crackdown on Wednesday against Hafiz Saeed, leader of the group blamed for deadly attacks on Mumbai in 2008, amid growing international pressure to act against militant groups. Pakistan’s counter-terrorism department said it had launched 23 cases against Saeed and 12 aides for using five trusts to… Read More