Transparency Curtails Corruptionon 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 […]
Pakistan’s compliance with FATF mandates, a work in progresson March 14, 2020The Financial Action Task Force (FATF) is an intergovernmental body that promulgates financial standards to combat money laundering and terrorist financing. When FATF member nations are non-compliant, they are labeled as high risk and can be placed on a ‘Grey or Black’ list, which leads to severe economic consequences as a result of reduced foreign […]