13th December 2018
Pakistan on Wednesday denounced the United States for placing it on a list of countries violating religious freedoms, calling the designation politically motivated. U.S. Secretary of State Mike Pompeo on Tuesday added mainly Muslim Pakistan to the U.S. list of “countries of particular concern”, which have violated religious freedoms or… Read More
21st September 2018
Officers from the United Kingdom’s National Crime Agency’s (NCA) International Corruption Unit (ICU) have arrested a former Pakistani politically exposed person (PEP) and his wife over alleged money laundering. The funds in question are believed to have been acquired as a result of corruption in Pakistan, said the NCA, which… Read More
19th September 2018
Britain will give Pakistan an initial £750,000 to pursue money launderers under a new partnership aimed at tackling corruption. The announcement was made by British Home Secretary Sajid Javid (pictured), who also announced the new Justice and Accountability Partnership to help Pakistan tackle corruption. The UK and Pakistan also agreed… Read More
13th July 2018
The Federal Reserve on Thursday ordered United Bank Limited to toughen its anti-money laundering policies as the regulator faulted the Pakistani bank for not doing enough to track suspicious transactions. The Thursday order is at least the second time that the Fed has sanctioned the Pakistan-based bank in recent years. Read More
11th June 2018
AP — The party of Pakistan’s former military dictator Pervez Musharraf announced Saturday that he will run for a seat in parliament in July 25 national elections. The move comes after the country’s Supreme Court conditionally allowed Musharraf to return from Dubai, where he has been living… Read More
17th April 2018
Pakistan’s Supreme Court disqualified deposed prime minister Nawaz Sharif from holding office for life on Friday amid an ongoing corruption trial and ahead of general elections due this year. The Supreme Court barred Sharif, 67, from politics in July over an undeclared source of income, but the veteran leader maintains… Read More
21st February 2018
Pakistan has been given a three-month reprieve by a global watchdog over a U.S.-led motion to put the South Asian country on a terrorist financing watchlist, Pakistan’s Foreign Minister Khawaja Asif said late on Tuesday. Pakistan has been scrambling in recent months to avoid being added to a list of… Read More
14th February 2018
The United States has put forward a motion to place Pakistan on a global terrorist-financing watchlist with an anti-money-laundering monitoring group, according to a senior Pakistani official. Pakistan has been scrambling in recent months to avert being added to a list of countries deemed non-compliant with terrorist financing regulations by… Read More
2nd January 2018
Pakistan’s government plans to seize control of charities and financial assets linked to Islamist leader Hafiz Saeed, who Washington has designated a terrorist, according to officials and documents reviewed by Reuters. Pakistan’s civilian government detailed its plans in a secret order to various provincial and federal government departments on Dec. Read More
18th December 2017
Dawn Justice Faisal Arab, who was a member of the three-judge Supreme Court bench that exonerated the PTI chairman on Friday, observed in his additional note that Imran Khan did not incorporate offshore company Niazi Services Limited (NSL) to park assets acquired through embezzlement, bribery or tax evasion to keep… Read More
Must Read

Elise Bean – The Inside Track – The US Senate’s Investigations into Financial Crime

Elise Bean joins Tom Devlin (from KYC360) in conversation to discuss her new book, highlights of her investigative career, and learning points for both banks and financial crime investigators arising from the PSI's work Read More

UK freezes bank account linked to Azerbaijani Laundromat

British investigators have frozen a bank account linked to a multi-billion dollar Azerbaijani money-laundering scheme that a network of investigative reporters has alleged rinsed dirty money mainly through four, UK-registered shell companies. The National Crime Agency (NCA) said on Wednesday that the Account Freezing Order (AFO), part of a new… Read More