KUALA LUMPUR: The High Court today allowed the government’s application to forfeit RM32,962.87 from the Kelantan Umno liaison committee as it was proceeds from unlawful activities.
Judicial commissioner Ahmad Shahrir Mohd Salleh said the Malaysian Anti-Corru…
Read More
Court allows govt to forfeit RM32,000 from Kelantan Umno
Islamabad almost ready to get off FATF grey list
PHOTO: FATF
ISLAMABAD: As Pakistan and Asia-Pacific Joint Group of the Financial Action Task Forces meeting ends in Beijing, Islamabad hopes to acquire the Unites States cooperation in next months plenary aimed at avoiding any further adverse action by the …
Read More
France Asserts to Provide No Concession to Pakistan on Terror Funding During FATF Meeting
New Delhi (Sputnik): Pakistan is expected to be taken off the Financial Action Task Force (FATF) grey list, as major powers including the US, UK, France, Germany, and even Japan appear to be in favour of Islamabad, due to the changing geopolitical equation i…
Read More
Pakistan should come off FATF grey list, says Qureshi
Foreign Minister Shah Mahmood Qureshi. PHOTO: FILE
Foreign Minister Shah Mahmood Qureshi on Friday said that Pakistan should, in principle, be taken off the grey list of the Financial Action Task Force (FATF), as Islamabad had made considerable progress on …
Read More
Week Two of RBI Vs. Crypto at the Supreme Court of India
The Supreme Court of India has this week listened to further hearings in the landmark case against the Reserve Bank of India’s ban on banks’ dealings with crypto-related businesses.
On Jan. 22 and Jan. 23, proceedings continued with arguments presented by As…
Read More
Pakistan defends Chinese investment after US criticises CPEC project
Pakistan rejected US criticism of the USD 60 billion CPEC under China’s ambitious Belt and Road Initiative (BRI), saying the project has helped the cash-strapped country to “fill the gaps” in energy, infrastructure, industrialisation and job creation.
Senior…
Read More
Danish watchdog faces surge in reports of suspicious money flows
COPENHAGEN (Reuters) – Reports of suspicious transactions submitted by banks and betting firms to authorities in Denmark have increased tenfold in recent years, according to documents seen by Reuters, applying pressure on an already stretched anti-money laund…
Read More
FATF meeting: China says Pakistan made ‘visible progress’ to curb terror financing
BEIJING: China, which hosted a key meeting of the international terror financing watchdog in Beijing, said on Thursday that Pakistan has made “visible progress” to strengthen its counter terrorism financing system, which should be encouraged by the world comm…
Read More
World financial intelligence group re-admits Vatican after suspension
VATICAN CITY (Reuters) – The Vatican has been fully re-admitted to the Egmont Group of world financial intelligence units after a suspension two months ago sparked by an investigation into the purchase of luxury London real estate.
Carmelo Barbagallo, presi…
Read More
Pakistan may be out of FATF grey list next month
NEW DELHI: Pakistan has taken satisfactory steps against terror groups, the Financial Action Task Force has said, according to diplomatic sources. The FATF at its 3-day review meeting in Beijing evaluated Pakistan’s compliance efforts vis-à-vis money launderi…
Read More