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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.
Organized crime in Pakistan refers to the activities of groups of organized crime in Pakistan. The Pakistani mafia is spread across many countries and are mostly ethnically based. The Pakistani mafia is involved in drug trafficking, assassination, land grabbing, arms smuggling and various other illegal activities. [citation needed]
The Financial Monitoring Unit (FMU) is the Financial Intelligence Unit of Pakistan established under the provisions of Anti-Money Laundering Act, 2010 (Previously Anti-Money Laundering Ordinance, 2007). It is an independent intelligence service department of the Government of Pakistan and primarily responsible for analyzing suspicious ...
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 ...
Organised crime in Pakistan includes fraud, racketeering, drug trafficking, smuggling, money laundering, extortion, ransom, political violence, etc. Terrorist attacks became common during the 2000s, especially in North-West Frontier Province, the Federally Administered Tribal Areas, Balochistan, Karachi and Lahore.
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 ...
The mediagate scandal: It was reported that Chief Justice of Pakistan Iftikhar Muhammad Chaudhry's son had allegedly taken money from Malik Riaz Hussain, a real-estate tycoon, to persuade courts to give decisions in favour of the latter. Renowned columnist and anchorperson Javed Chaudhry observed that the case against Malik Riaz proved that the ...
In early September 2023, the Pakistani government under administration of the Pakistan Armed Forces initiated a crackdown targeting both individuals and organizations engaged in various forms of smuggling, with a particular focus on essential commodities such as wheat, sugar, urea, oil, dollars as well as power theft, hoarding, and illegal currency exchange.