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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.
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 1988, the bank was implicated as the center of a major money laundering scheme. After a six-month trial, BCCI, under immense pressure from U.S. authorities, pleaded guilty in 1990, but only on the grounds of respondeat superior. While federal regulators took no action, Florida regulators forced BCCI to pull out of the state. [18]
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 Fake accounts case is a case being heard by the Supreme Court of Pakistan (SCP) under which former President of Pakistan Asif Ali Zardari, his sisters Faryal Talpur [1] and Azra Fazal Pechuho, [2] Zardari's aide Khawaja Anwar Majeed and his sons Khawaja Niymar Majeed, Khawaja Mustafa Majeed, Abdul Ghani Majeed, and Ali Kamal Majeed are accused of money laundering through 29 fake accounts ...
Since its establishment, NAB has recovered Rs. 891 billion out of which Rs. 543 billion has been indirectly recovered in the form of government's or public usurped land. [ 21 ] [ page needed ] The conviction rate of NAB is 75%, which is way higher than Federal Investigation Agency , provincial Anti-Corruption Establishments, Police and other ...
Feds slap TD Bank with $3.1 billion in fines for money laundering of fentanyl trafficking and terrorist financing ... This resulted in approximately $18.3 trillion of transaction activity from Jan ...
The bank fraud statute federally criminalizes check-kiting, check forging, non-disclosure on loan applications, diversion of funds, unauthorized use of automated teller machines (ATMs), credit card fraud, and other similar offenses. Section 1344 does not cover certain forms of money laundering, bribery, and passing bad checks.