money laundering

Shehbaz Sharif’s wife indicted in money laundering case

LAHORE: An accountability court on Friday indicted Nusrat Shehbaz, wife of Leader of the Opposition in National Assembly Shehbaz Sharif, in a money laundering case. Judge Naseem Ahmed Virk announced the charges against Nusrat through a pleader as she is

UK court acquits Shehbaz Sharif, family in money laundering charges

LONDON: A UK court has acquitted Pakistan Muslim League-Nawaz President Shahbaz Sharif and his family in money laundering charges over no evidence in the case.   As per details, the NCA submitted the investigation report of the bank accounts at the

FIA files charges against Jahangir Tareen in sugar scandal, money laundering

ISLAMABAD: The Federal Investigation Agency (FIA) has filed two FIRs against political stalwart Jahangir Tareen and two family members in sugar scandal and money laundering charges, FIA Lahore registered cases against CEO JWD Sugar Mills, Jahangir Tareen, his son Ali

Money laundering case against Shehbaz Sharif to be heard today

LAHORE: Money laundering and asset references against Pakistan Muslim League (PML-N) President Shehbaz Sharif will be heard today. According to details, a hearing will be held today on references against the PML-N President and his family regarding money laundering and

FIA summons PML-N leader, brothers over money laundering charges

ISLAMABAD: Federal Investigation Agency (FIA) has summoned a Pakistan Muslim League-Nawaz (PML-N) leader and his brothers over their alleged involvement in money laundering and other criminal activities. FIA Lahore has issued a summon against Saif-ul-Malook Khokhar and his brothers Muhammad

Money laundering cases: FIA registers FIR against Jahangir Tareen, Shehbaz Sharif

LAHORE: The Federal Investigation Agency (FIA) has booked PTI leader Jahangir Khan Tareen and his son Ali Tareen and PML-N President Shehbaz Sharif, his sons Hamza and Salman on charges of money laundering and fraud. Sources said, “FIA is investigating

FATF meets to decide Pakistan’s fate on grey list

ISLAMABAD: Pakistan is likely to remain on the grey list of the Financial Action Task Force (FATF) as it has been unable to comply with six of the 27-point action plan. The Paris-based global watchdog on global terror financing and

AC moves to declare Salman Shehbaz a fugitive

LAHORE: The accountability court has started the process of declaring Salman Shehbaz a fugitive over alleged money laundering and assets beyond means. The accountability court issued a written order for the last hearing of the money laundering reference against PML-N

Zardari’s indictment in money laundering case deferred till Sept 17

ISLAMABAD: An accountability court on Wednesday deferred the indictment of former president Asif Ali Zardari in the money laundering case till September 17. The PPP co-chairman appeared before an accountability court but the indicted after his consel submitted a new

Pakistan determined to eradicate terror financing, money laundering: FM

ISLAMABAD: Foreign Minister Shah Mahmood Qureshi has said the terror financing and money laundering are the menace that Pakistan has to confront and eradicate. Speaking in the National Assembly on Wednesday, the foreign minister said long deliberations were held with

Germany opens money laundering probe against Wirecard

MUNICH: German state prosecutors have launched an investigation against individuals at insolvent financial services provider Wirecard for suspected money laundering. Investigators are also probing the payment processor into alleged fraud, balance falsification and market manipulation at the collapsed firm. The

Zardari, Talpur’s indictment deferred in money laundering case

ISLAMABAD: An accountability court on Tuesday deferred indictment of former president Asif Ali Zardari, his sister Faryal Talpur and other accused in the money laundering case until 24th July. Accountability Judge Azam Khan resumed hearing the reference filed by the

Another FATF meeting

The fate of Pakistan is once again in the hands of the Financial Action Task Force (FATF) to be moved from the so-called grey list. A plenary session of the FATF is being held in Paris to review progress made

Hamza Shehbaz’s judicial remanded extended till Jan 3

LAHORE: Accountability court has extended judicial remand of Pakistan Muslim League-Nawaz (PML-N) leader Hamza Shehbaz in the money laundering case till 3rd January. Officials did not bring Hamza Shehbaz to the court owing to lawyers’ strike and law and order

FATF compliance report

While the government continues to boast about economic stability and the stock market upturn, Pakistan’s presence on FATF’s grey list remains a chief reason why foreign investments have still not poured in. Pakistan narrowly escaped getting further downgraded in September

FATF’s final deadline

There should be no rejoicing over the recent meeting of the Financial Action Task Force (FATF) in Paris during which Pakistan escaped a blacklist on anti-money and counter-terrorism financing standards. Rather it was a sigh of relief that Pakistan was

Pakistan to remain on FATF’s grey list till February 2020

ISLAMABAD: The Financial Action Task Force (FATF) on Friday announced that Pakistan will remain on its grey list for the next four months. This has handed Pakistan a final lifeline after acknowledging recent improvements. The nation escaped from a blacklist

Moment of truth at FATF

A crucial meeting of the Financial Action Task Force (FATF) has commenced in Paris where Pakistan’s fate hangs in the balance. Either our nation will be blacklisted for inadequate measures against money laundering and terror financing or remain on the