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Tag: money laundering

UAE grey list
Uncategorized
  • Web Desk
  • Feb 24, 2024
UAE removed from money laundering ‘grey list’

FATF, which designs international standards to help governments tackle illicit financing for crimes ranging from terrorism to drugs trafficking, said the UAE and others removed from the grey list had taken “substantial steps” to improve their financial crime fighting systems.

money laundering
World
  • Reuters
  • Feb 04, 2024
Thousands of Indian bank accounts set up improperly: sources

Paytm’s founder Vijay Shekhar Sharma, a rags-to-riches star of the Indian startup scene, described the RBI’s action as a “speed bump” during a conference call with analysts on Thursday.

Moonis Elahi
Pakistan
  • Web Desk
  • Jan 30, 2024
FIA requests Interpol to issue red warrant for Moonis Elahi

Moonis Elahi has been evading legal proceedings, and consistently defying notices issued by both the court and the FIA. Despite repeated calls to participate in the investigation, Monis Elahi has steadfastly refused to cooperate.

Finance minister shamshad akhtar inflation
Business
  • Web Desk
  • Jan 28, 2024
FinMin envisions 16-18% tax-to-GDP ratio, urges customs revamp

Finance Minister Dr Shamshad Akhtar underscored the imperative for ongoing reforms and increased revenue efforts by the FBR.

FIA recoveres
Latest
  • Web Desk
  • Jan 03, 2024
FIA recovers Rs954.081m from illegal money changers, Hawala-Hundi operators

The FIA recovered Rs954.081 million during crackdowns on illegal money changers and Hawala-Hundi operators in the last three months

PEPRA employees
Business
  • Shahzad Paracha
  • Dec 06, 2023
12 importers face probe over alleged Rs477.3 million money laundering

The Customs Intelligence has initiated an inquiry into an alleged money laundering operation involving 12 importers who stand accused of transmitting foreign exchange amounting to Rs477.3 million ($1.69 million) through illegitimate channels.

money laundering
Pakistan
  • Web Desk
  • Nov 29, 2023
Shocking revelation: 63 firms laundered Rs69 billion with help of five top banks

Parvez Elahi
Latest
  • Web Desk
  • Nov 28, 2023
FBR initiates audit of Parvez Elahi’s family milk factory

During the audit of Parvez Elahi’s milk factory, the authority will seize and retain any necessary materials, as deemed essential

Moonis Elahi
Pakistan
  • Web Desk
  • Nov 23, 2023
FIA freezes Moonis Elahi’s bank accounts, seals properties

Moonis Elahi also reportedly withdrew all the funds from the frozen bank accounts prior to FIA’s action. FIA has secured documents detailing the transactions, shedding light on the extent of the alleged financial misconduct.

Farah Gogi
Latest
  • Web Desk
  • Nov 12, 2023
Farah Gogi allegedly laundered billions using covert int’l passport

Investigation reveals a clandestine passport from a little-known country was arranged for Farah Gogi to facilitate money laundering

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