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The National Reconciliation Ordinance (NRO) was an ordinance issued by the former President of Pakistan, General Pervez Musharraf, on October 5, 2007. [1] It granted amnesty to politicians, political workers and bureaucrats who were accused of corruption, embezzlement, money laundering, murder, and terrorism between 1986 - 2007, the time between three states of martial law in Pakistan.
It is an independent intelligence service department of the Government of Pakistan and primarily responsible for analyzing transactions, money laundering cases, building efforts against the terrorist financing, and all sorts of financial crimes within the jurisdiction of financial laws of Pakistan.
In the most serious cases, countries are called upon to apply counter-measures to protect the international financial system from the ongoing money laundering, terrorist financing, and proliferation financing risks emanating from the country". [5] As of November 2022, only three countries were on the FATF blacklist: North Korea, Iran, and ...
An international watchdog said Friday it is removing Pakistan from its so-called “gray list” of countries that do not take full measures to combat money laundering and terrorism financing, a ...
DUBAI/KARACHI, Pakistan, Feb 19 (Reuters) - The United Arab Emirates' central bank is investigating Pakistan's largest bank to ascertain if it violated anti-money- laundering and terrorism ...
In addition, the European Commission has created a list of high-risk countries on money laundering and terrorism financing, including: Afghanistan, Iran, Iraq, North Korea, Syria, Uganda, Vanuatu and Yemen (since 20 September 2016), Trinidad and Tobago (since 14 February 2018), Pakistan (since 2 October 2018), The Bahamas, Barbados, Botswana ...
In January 2010, the Kabul office of New Ansari Exchange, Afghanistan's largest hawala money transfer business, was closed following a raid by the Sensitive Investigative Unit, the country's national anti-political corruption unit, allegedly because this company was involved in laundering profits from the illicit opium trade and the moving of ...
In the 2023 Corruption Perceptions Index, Pakistan received a score of 29, where the highest-scoring country worldwide received a score of 90, the lowest-scoring country 11 and the average score was 43. [29] Regionally, the highest score among the Asia Pacific countries [Note 1] was 85, the average score was 45 and the lowest score was 17. [30]