Saturday, 24 August 2019

Tag Archives: Money Laundering

EU, Pakistan signed new Strategic Engagement Plan

BRUSSELS – Pakistan and the European Union (EU) signed the new Strategic Engagement Plan for cooperation in areas, including trade, peace and security and anti-money laundering. Foreign Minister Shah Mehmood Qureshi and the EU’s High Representative for Foreign Affairs and Security Policy Federica Mogherini inked the agreement at a ceremony ...

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Modi to appear via videolink from prison for UK hearing

Fugitve diamantaire Nirav Modi is set to appear via videolink from prison for a routine remand hearing before Westminster Magistrates’ Court in London on Thursday. The 48-year-old, who has been lodged at Wandsworth prison in south-west London since his arrest in March in connection with the nearly USD 2 billion ...

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Brussels mulls adding Saudi Arabia to EU dirty money blacklist

BRUSSELS: The European Commission proposed adding seven countries including Saudi Arabia to the European Union’s (EU) money laundering blacklist of governments that do too little to thwart the financing of terrorism and organised crime. The new countries targeted by the commission, including Saudi Arabia and Panama, would join another 16 ...

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Danske scandal: EU needs stronger anti-fraud curbs, says lawmaker

COPENHAGEN: The European Union needs tougher anti-fraud controls including a central body able to enforce laws against money laundering, European lawmakers said, describing financial crime as as a security problem for the continent. Curbs should be more uniform across the EU and its framework for swapping financial intelligence is inadequate ...

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Ayyan Ali announces return to Pakistan

DUBAI: Super Model Ayyan Ali has announced that she will return to Pakistan soon after her final medical checkup, saying that she was wrongly drawn in money laundering case. Dollar girl also questioned why two other persons were not arrested who were with me in video at airport, even, they ...

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UK-Pakistan partner against money-laundering

IMRAN-KHAN-SAJID-JAVID

ISLAMABAD: The United Kingdom and Pakistan on Monday launched a partnership to track corruption and restart the bilateral transfer of prisoners. During a joint news conference here, Law Minister Barrister Farogh Naseem and British Home Secretary Sajid Javid announced that the ‘UK-Pakistan Justice and Accountability Partnership’ would work towards repatriation ...

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Emirati prince flees to Qatar, exposing tensions in UAE

DOHA/DUBAI: An Emirati prince is seeking asylum in Qatar after fleeing the UAE saying he feared for his life because of a dispute with the rulers of oil-rich Abu Dhabi, The New York Times reported on Sunday. Sheikh Rashid bin Hamad al-Sharqi, 31, is the second son of the Emir of Fujairah, ...

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FATF decides to keep Pakistan on grey list

PARIS: Pakistan has been added to the grey list of countries involved in aiding financial assistance to terrorism money laundering after a Wednesday meeting of the Financial Action Task Force on Money Laundering (FATF) confirmed the decision. Interim minister of finance, Dr Shamshad Akhtar, briefed FATF of the steps which ...

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Switzerland opens criminal probe tied to Angola fund

GENEVA: Swiss authorities have raided multiple sites as part of a money-laundering probe tied to Angola’s sovereign wealth fund, the top prosecutor’s office said Tuesday. In an email to AFP, it said it “opened criminal proceedings in April 2018 in response to reports of money laundering… by persons unknown connected ...

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