Sacred Games: Kulbhushan Jadhav Case on June 19, 2021There was a time when the Kulbhushan Jadhav case was a litmus test for our patriotism and those who had an opinion in contrast to general perception were labelled as traitors. However, since regime change in 2018, there has been a change of heart and all the opinion makers, Government and Judiciary seems to facilitate […]
Pakistan: Reclaiming its space on FATF whitelist on June 5, 2021The money laundering and financing of terrorism have evolved as a transnational challenge. It is difficult to investigate and prosecute the offenders of Money Laundering and Terrorist Financing who are operating through complex series of transactions having access to various jurisdictions. Pakistan due to deficiencies in its Anti- Money Laundering and Combating Financing of Terrorism […]
Pakistan’s economy – Chicanery of numbers on May 30, 2021Public policy pinnacles and its strings require a professional stir knowing the impact of every intervention either through word of mouth or administrative instrumentalities. For a developing country albeit in its lowest percentile as Pakistan is, germane of consciousness must revolve around economy. Decision making and process it follows require intense deliberations amongst those who […]
Regulating Crypto: An uphill task for Pakistan on May 23, 2021The Laws and regulations play an important role in the governance and the legal framework of any country. Through effective laws and regulations governments achieve their goals of economic growth and stability, alleviation of poverty, ensuring human rights, as well as safeguarding the fundamental rights of all citizens. In the same vein, the constitution of […]
Pakistan: Combating the illicit flow of money on May 15, 2021The cross-border movement of illegally obtained funds leaves a scar on the sanctity and security of the global financial system. The governments and financial institutions in collaboration with global watch-dogs are in a constant pursuit to restrict and eliminate the risk of illicit funds traveling from one place to another through the global financial system. […]
FATF: Challenges for June deadline on May 6, 2021The June deadline for our review of Financial Action Task Force (FATF) of our remaining actions items is approaching and there are still many key areas that the authorities need to pay attention to come out of grey list we placed in June 2018. The general perception in Pakistan is that FATF’s action against us […]
Pakistan’s Strategy to Address FATF Mandates was Inadequate on October 30, 2020Pakistan’s struggle to remove itself from the list of Jurisdictions under increased monitoring is yet to end. We as a nation witnessed this bizarre news when president of the Financial Action Task Force (FATF) announced that Pakistanwill remain in the grey list till February 2021 and urged Pakistan to swiftly complete its full action plan […]
Pakistan’s strategy to address FATF mandates was inadequate on October 29, 2020Pakistan’s struggle to remove itself from the list of Jurisdictions under increased monitoring is yet to end. We as a nation witnessed this bizarre news when president of the Financial Action Task Force (FATF) announced that Pakistanwill remain in the grey list till February 2021 and urged Pakistan to swiftly complete its full action plan […]
Pakistan’s evolving FATF compliance on October 14, 2020It’s been more than two years since Pakistan was placed on Financial Action Task Force (FATF) grey list for the second time. Pakistan was the second country in the South Asian Association for Regional Cooperation (SAARC),which was placed on this list after Sri Lanka. However, Sri Lanka implemented the FATF agenda and was placed back […]
Transparency Curtails Corruption on April 12, 2020White-collar crimes severely impact economies. The most common crimes include corruption, tax evasion, insider trading, embezzlement, cybercrimes, money laundering, copyright infringements and professional frauds. However, corruption and money laundering have the most severe impact on our global economy. What is the cost of white-collar crimes? According to the United Nations (UN) Secretary General, international corruption […]