Featured Pakistan

Evidence of Shehbaz family’s involvement in money laundering collected: Akbar

Special Assistant to the Prime Minister on Accountability Shahzad Akbar on Wednesday said that assets of the Sharif family had significantly increased in 10 years when Pakistan Muslim League-Nawaz (PML-N) was ruling in Punjab. He said that Shehbaz Sharif had established dozens of paper front companies on employees’ name for money… Read More

AmEx Mistakenly Issued Card to German With Ties to Nuclear-Weapons Black Market, Treasury Says

An American Express Co. subsidiary mistakenly issued a prepaid card to a German engineer with alleged ties to a black market in nuclear-weapons technology, the Treasury said Thursday. The subsidiary, American Express Travel Related Services Co., provided the card to Gerhard Wisser, whom U.S. authorities have accused of playing… Read More

Cricket’s Dark Underbelly Once Again Exposed After Corruption Bans

Cricket has been almost entirely shut down globally due to the coronavirus pandemic but unwanted scandals continue to taint the sport. Pakistan batsman Umar Akmal has been banned from all levels of cricket for three years after being found guilty of breaking his country’s anti-corruption codes. The 29-year-old, a talented… Read More
28th April 2020
A Pakistani anti-graft body on Sunday issued an arrest warrant against former prime minister Nawaz Sharif in a land related corruption case. “The National Accountability Bureau (NAB) has issued arrest warrants of PML-N supreme leader Nawaz Sharif in the land case involving Jang Group editor-in-chief Mir Shakilur Rehman. Sharif was… Read More
21st April 2020
Pakistan has removed thousands of names from its terrorist watch list in what the country says is an effort to meet its obligations ahead of a new round of assessments by a global anti-money-laundering watchdog. The so-called proscribed persons list, which is maintained by Pakistan’s National Counter Terrorism Authority, or… Read More
17th April 2020
The National Accountability Bureau (NAB) has summoned Pakistan Muslim League-Nawaz (PML-N) President and National Assembly Opposition Leader Shehbaz Sharif in a money laundering case against the Sharif family. NAB, which has directed the former Punjab chief minister to appear before it tomorrow, has sought details of properties inherited by him. Read More
13th April 2020
Pakistan has until October to meet Financial Action Task Force (FATF) requirements to be delisted from the organization’s “gray list,” sources inside the Pakistani government told VOA. The so-called “gray list” limits access to the global financial system for countries that fail to meet their responsibilities to stop terror-funding and money laundering. The global watchdog,… Read More
8th April 2020
The National Accountability Bureau (NAB) has asked PML-N President and Opposition Leader in the National Assembly Shahbaz Sharif to bring with him complete detail of his foreign assets and other businesses on his appearance before the NAB’s combined investigation team on April 17 in money laundering case. In a fresh… Read More
19th March 2020
The Central Bank of the UAE is in consultations with its counterpart in Islamabad and will sanction a Pakistani lender operating in the emirates if it deems the bank has breached its anti-money laundering (AML) laws. The central bank has “zero tolerance for non-compliance with AML regulations,” and expects “high… Read More
28th February 2020
Pakistan’s banking system faces a credit risk from the country’s continued inclusion on an international “grey list” of nations falling short of global money laundering rules, rating agency Moody’s said on Thursday. Global watchdog Financial Action Task Force (FATF) said last week that Pakistan would remain on the list, expressing… Read More
24th February 2020
Pakistan has escaped being placed on a global financial blacklist after making sufficient progress toward improving its controls on money laundering and terrorist financing. The Financial Action Task Force urged the nation to swiftly complete its full action plan by June, following a week-long meeting of the group in Paris. Read More
21st February 2020
Over the past year, Pakistan says it has “fought and eradicated the menace of terrorism from its soil” by carrying out arrests, seizing property and freezing bank accounts of groups designated as terrorists by the United States and the United Nations. Analysts and current and former U.S. officials predict these… Read More
21st February 2020
The United Arab Emirates’ central bank is investigating Pakistan’s largest bank to ascertain if it violated anti-money- laundering and terrorism-financing laws, the regulator said on Wednesday. The inquiry comes as Pakistan is under examination by a Paris unit of the Financial Action Task Force, a global financial watchdog, for not… Read More