money laundering Archives

Pakistan tightens scrutiny of real-estate agents to curb black money

May 19, 2026May 19, 2026Shahnawaz Akhter

Government expands AML reforms to combat money laundering and improve property sector transparency Pakistan has intensified monitoring of real-estate agents as part of broader efforts to curb black money, money laundering and terror financing through the property sector, according to official documents.

Naqvi orders massive crackdown against money laundering, hawala–hundi networks

January 4, 2026January 4, 2026Mrs. Anjum Shahnawaz

Islamabad, January 4, 2026 — Federal Interior Minister Mohsin Naqvi on Sunday ordered a comprehensive and indiscriminate crackdown against the money-laundering mafia, directing law-enforcement agencies to take firm action against major operators involved in illegal financial activities across the country.

FIA Declares Meinhardt Owners as Fugitives in Money Laundering Case

November 30, 2023November 30, 2023Faisal Shahnawaz

Karachi, November 30 – The Federal Investigation Agency (FIA) has issued a notice branding Chairman Meinhardt Shahzad Naseem and CEO Omar Shahzad, the owners of the Singapore-based construction company Meinhardt, as absconders.

Pakistan Customs Uncovers Rs 69.5 Billion in Money Laundering Cases Over Five Years

October 4, 2023October 4, 2023Mrs. Anjum Shahnawaz

Islamabad, October 4, 2023 – Pakistan’s customs authorities have revealed that they detected money laundering activities worth a staggering Rs 69.5 billion over the past five years.

SBP warns public against dealing with illegal forex operators

January 8, 2021January 8, 2021Mrs. Anjum Shahnawaz

KARACHI: State Bank of Pakistan (SBP) has warned general public against sale and purchase through illegal operators and transfer of foreign currency through Hawala and Hundi. The SBP informed the general public that a person may unknowingly become part of money laundering and terrorism financing offence by dealing with illegal foreign exchange operators. The money […]

National Savings tightens checks on investors

December 10, 2020December 10, 2020Mrs. Anjum Shahnawaz

ISLAMABAD: The government has tightened monitoring of investors of national savings to comply with conditions of Financial Action Task Force (FATF) and prevent transactions related to money laundering and terror financing. The Central Directorate of National Savings (CDNS) has prepared a comprehensive plan to examine the customers and issued instructions to all its regional offices […]

FBR launches action against suspicious transactions to comply FATF requirement

August 31, 2020July 16, 2024Mrs. Anjum Shahnawaz

ISLAMABAD: Federal Board of Revenue (FBR) has launched action against suspicious transactions to curb money laundering in order to meet the requirement of Financial Action Task Force (FATF).

SECP proposes amendments to prevent corporate money laundering

February 11, 2020June 4, 2022Mrs. Anjum Shahnawaz

ISLAMABAD: Securities and Exchange Commission of Pakistan (SECP) has proposed amendments laws to prevent money laundering through corporate entities. A statement issued on Tuesday said that the SECP has issued a set of notifications, soliciting public consultation on drafts of amendments to the Companies (Incorporation) Regulations, 2017, Companies (General Provisions and Forms) Regulations, 2018, Foreign […]

National Saving Scheme AML, CFT Rules: Supervisory board constituted for monitoring

January 25, 2020April 25, 2021Mrs. Anjum Shahnawaz

ISLAMABAD: The ministry of finance has constituted supervisory board to provide independent oversight of implementation of National Savings Schemes (AML and CFT) Rules, 2019. The advisory board has been comprised of: 01. Additional Finance Secretary (Budget): Chairman 02. Syed Jahangir Shah, Director, State Bank of Pakistan: Member 03. Ms. Tanzila Nisar Mirza, Additional Director, Securities […]

Taxpayers’ declarations to be checked for money laundering

January 5, 2020February 19, 2022Mrs. Anjum Shahnawaz

ISLAMABAD: Financial Monitoring Unit (FMU) has been allowed to obtain information of taxpayers from tax authorities to check income tax returns and other declarations for money laundering and terror financing. The FMU has been granted access to taxpayers’ data through amendment introduced to Section 216 of the Income Tax Ordinance, 2001. The amendment has been […]

Tag: money laundering