Tuesday, 25 June 2019

Tag Archives: Money Laundering

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 ...

Read More »

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 ...

Read More »

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 ...

Read More »

UK-Pakistan partner against money-laundering

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 ...

Read More »

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, ...

Read More »

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 ...

Read More »

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 ...

Read More »

BoE chief says Cryptocurrencies are failing as money

LONDON: Cryptocurrencies are failing as a form of money and have shown classic signs of being a financial bubble, requiring regulators to protect consumers and stop their use for illegal activities, Bank of England Governor Mark Carney said today. Carney did not call for a ban on cryptocurrencies such as ...

Read More »

British Indian bank employee jailed for money-laundering

LONDON: An British-Indian employee of Barclays Bank who acted as a “personal bank manager” to two money launderers has been jailed for six years and four months for his role in a conspiracy to launder more than £2.5 million that had been stolen using malware. Cyber crime officials said London-based Jinal ...

Read More »