The parties involved have agreed to argue all issues raised in the High Court.
PUTRAJAYA: The High Court in Kuala Lumpur will hear the Pekan Umno division’s challenge against a move by the government to forfeit RM700,000 from the entity’s frozen bank account…
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High Court to hear govt move to seize RM700,000 from Pekan Umno
Pakistan May Remain on Financial Action Task Force ‘Grey List’ Until August 2020
New Delhi (Sputnik): The Paris-based Financial Action Task Force (FATF) placed Pakistan on its Grey List in June 2018. Islamabad was asked to comply with a plan of action by October 2019, which was further extended to February 2020, or face the risk of being …
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Board to oversee AML/CFT rules observance in savings schemes
ISLAMABAD: The government has constituted a five-member supervisory board to ensure independent oversight of implementation of National Savings Schemes (AML& CFT) Rules 2019 to comply with the requirements of the Financial Action Task Force (FATF).
The …
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ED arrests DHFL’s Kapil Wadhawan in Iqbal Mirchi money laundering case
The Enforcement Directorate (ED) formally arrested Kapil Wadhawan (pictured), former chairman and managing director of debt-laden Dewan Housing Finance (DHFL), for his alleged role in financing a loan to gangster Iqbal Memon (alias Iqbal Mirchi), supposedly a…
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Need to ease norms for fintech sector in India, says a lawyer
NEW DELHI: There is a need to ease regulation for the fintech sector in India for promoting financial inclusion, a lawyer has said while observing that ban on technologies like cryptocurrencies will push them to develop outside the country. While regulations …
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Black and grey: On terror funding and Pakistan
The deliberations, in Beijing, of the Asia-Pacific joint group of the global watchdog on terror financing and money laundering, the Financial Action Task Force (FATF), gave Pakistan some encouraging news: that it had progressed in its efforts to avoid a black…
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Black and grey
The deliberations, in Beijing, of the Asia-Pacific joint group of the global watchdog on terror financing and money laundering, the Financial Action Task Force (FATF), gave Pakistan some encouraging news: that it had progressed in its efforts to avoid a black…
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Pakistan guardedly optimistic about its FATF fate
PHOTO: FATF
ISLAMABAD: Pakistan on Saturday said it has worked very hard to implement the 27-point action plan of the Financial Action Task Force (FATF) the global body that seeks to curb money laundering and terror financing and has made significant progre…
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Need to ease norms for fintech sector in India, says a lawyer
There is a need to ease regulation for the fintech sector in India for promoting financial inclusion, a lawyer has said while observing that ban on technologies like cryptocurrencies will push them to develop outside the country.
While regulations are critic…
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Crypto terrorism funding is growing more sophisticated
Terrorism financing schemes using cryptocurrencies are growing in sophistication, according to researcher Chainalysis Inc., which helps law enforcement track digital-coin transactions.In one instance, terrorists collected crypto donations worth tens of thousa…
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