Trends - Anti Money Laundering

Anti Money Laundering

Turkiye removed from FATF money laundering grey list in boost to standing

ANKARA/PARIS: The international crime watchdog Financial Action Task Force (FATF) removed Turkiye from its “grey...

Published 28 Jun, 2024 05:42pm

World

Anti-money laundering watchdog FATF says India in compliance with its rules

NEW DELHI: A global anti-money laundering watchdog said on Friday that India had largely complied with its rules,...

Published 28 Jun, 2024 05:27pm

Pakistan

Senator Mandviwalla underlines importance of Charter of Economy

FAISALABAD: Economic crisis has further enhanced the importance of Charter of Economy (CoE) as Pakistan People's...

Published 07 Oct, 2023 06:01am

FBR needs to work harder to help country sustain its ‘off grey list’ status

ISLAMABAD: The Federal Board of Revenue (FBR) is required to enhance its efforts to effectively deal with the cases...

Updated 08 May, 2023 09:03am

Business & Finance

UBL, AKS iQ to implement advanced anti-money laundering solution

KARACHI: United Bank Limited (UBL) has partnered with AKS iQ, a leading Reg Tech company, to implement an advanced...

Published 11 Apr, 2023 03:44am

Opinion

Pakistan and FATF: the next steps

Pakistan was placed on the list of Jurisdictions under Increased Monitoring in 2018 by the Financial Action Task...

Published 05 Aug, 2022 06:27am

Pakistan

Violation of AML laws: SECP imposes penalties on 4 firms

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has imposed penalties on four companies...

Published 03 Aug, 2022 04:55am

World

UK publishes anti-money laundering regime review

LONDON: Britain’s finance ministry published on Friday a review of the country’s anti-money laundering rules and...

Published 25 Jun, 2022 04:42am

Opinion

FATF & real estate reforms

The real estate sector is an attractive sector for money launderers. They conceal their illegitimate earnings,...

Published 25 Mar, 2022 05:47am

Opinion

Pakistan’s long FATF ordeal

The world has evolved into a global village due to technological advancements, connectivity and integration with ...

Published 18 Feb, 2022 04:31am

Opinion

Pakistan deserves recognition

Pakistan’s progress in handling the threat of terrorism and curtailing it significantly is a success story in...

Updated 31 Dec, 2021 11:46am

Opinion

FATF: no respite for Pakistan

Once again, our efforts towards the fulfillment of the agenda of Finical Action Task Force (FATF) have fallen short...

Published 05 Nov, 2021 04:39am

Pakistan

Pakistan has learnt a lot from FATF challenge: minister

ISLAMABAD: Minister for Energy Hammad Azhar on Wednesday said Pakistan was near completing the action plans given by...

Updated 04 Nov, 2021 10:28pm

Business & Finance

AML/CFT domains: Pakistan, NZ agree to enhance bilateral cooperation

ISLAMABAD: Pakistan and New Zealand, on Wednesday, agreed to enhance bilateral cooperation in Anti-Money Laundering...

Published 14 Oct, 2021 04:14am

Opinion

Our national priorities

The claws of corruption have engulfed us, and its force is getting stronger with each passing day. Although the...

Published 06 Aug, 2021 04:18am

Business & Finance

SBP imposes Rs525.244m penalty on 8 banks

KARACHI: The State Bank of Pakistan (SBP) has imposed a Rs 525.244 million penalty on eight banks during the quarter...

Published 06 Aug, 2021 04:18am

Opinion

Anti-money laundering law and concealment of income liable to tax

In the first part of this series of articles on anti-money laundering (AML) laws it has been demonstrated that the...

Published 14 Jul, 2021 03:59am

Opinion

Understanding the AML law

Last month, the Financial Action Task Force (FATF) announced that Pakistan would continue to remain on its grey ...

Published 07 Jul, 2021 04:28am

Govt vows full compliance

ISLAMABAD: Pakistan on Friday, vowed to comply with the one remaining point on the Financial Action Task Force’s...

Published 26 Jun, 2021 03:24am

Anti-money laundering action plan now one more requirement: Pakistan remains on FATF grey list

ISLAMABAD: The Financial Action Task Force (FATF) has announced to retain Pakistan on its “grey list” and given...

Published 26 Jun, 2021 03:24am

Business & Finance

FATF: Pakistan’s progress to be reviewed

Five-day virtual plenary commences in Paris

Published 22 Jun, 2021 05:42pm

FO reaffirms resolve to strengthen AML/CFT regimes

ISLAMABAD: The Foreign Office, on Thursday, reaffirmed Pakistan’s resolve to further strengthen its Anti-Money...

Published 18 Jun, 2021 04:16am

Pakistan

Azhar to continue as Chairman of NCG of AML, CFT

ISLAMABAD: Owing to the recent change of portfolios in the Prime Minister’s Cabinet, the Cabinet Division,...

Published 06 May, 2021 03:49am

Pakistan

Tarin briefed on FATF action plan progress

ISLAMABAD: Lubna Farooq Malik, Director General, Financial Monitoring Unit (FMU), on Tuesday, briefed the Minister...

Updated 28 Apr, 2021 10:08am

Pakistan

Earth Day marked: NFEH for tree plantation drive across country

KARACHI: The National Forum for Environment and Health (NFEH) has urged the federal and provincial governments to...

Updated 22 Apr, 2021 09:50am

Pakistan

Terror financing: FATF to decide Pakistan's fate today

The overall performance shows that Pakistan has improved compliance on two out of 40 recommendations of the FATF on effectiveness of anti-money laundering and combating financing terror (AML/CFT) systems
The FATF finds Pakistan’s progress non-compliant on four counts, partially compliant on 25 counts and largely compliant on nine recommendations

Published 25 Feb, 2021 12:41pm

Pakistan

Instructions to regulated entities: SECP extends time period up to April 30

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has extended time period up to April 30, 2021...

Published 18 Feb, 2021 04:08am

Markets

ECB's Lagarde calls for regulating Bitcoin's ‘funny business’

Lagarde did not provide specific examples of money laundering cases but said she understood there had been criminal investigations into illegal activity. She did not elaborate.

Published 14 Jan, 2021 01:11pm

Jewellers, accountants, developers/builders: Certain officials empowered to monitor and document

ISLAMABAD: The Federal Board of Revenue (FBR) has empowered certain officials of the Directorate General of...

Updated 07 Jan, 2021 04:05am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 17	278.60
USD PKR Interbank Buying / Dec 17	278.60
USD to Japanese Yen / Dec 17	153.56
USD to Swiss Franc / Dec 17	0.89
Pound Sterling to USD / Dec 17	1.27
Euro to USD / Dec 17	1.05

Stock	Volume
S&P 500 / Dec 17	6,050.61
India Sensex / Dec 17	80,684.45
Tokyo Nikkei / Dec 17	39,164.26
Nasdaq / Dec 17	20,109.06
Hang Seng / Dec 17	19,815.30
FTSE 100 / Dec 17	8,195.20
Dow Jones / Dec 17	43,449.90
Germany DAX 30 / Dec 17	20,246.37

Item	Value
Crude Oil USD/Barrel / Dec 17	70.11
Karachi Cotton PKR/37.32 KG / Dec 17	17,585
Gold 10 Grams PKR / Dec 17	241,860
Gold Spot USD/Ounce / Dec 17	2,644.07
Cotton US¢/pound / Dec 17	68.53
Petrol/Litre / Dec 18	252.10

Gainers
Losers
Leaders

Stock	Price
LSE Capital / Dec 18 LSE Capital Limited(LSECL)	6.70 ▲ 1.00 (17.54%)
Dadabhoy Cement / Dec 18 Dadabhoy Cement Industries Limited(DBCI)	7.90 ▲ 0.79 (11.11%)
Gulshan Sp. / Dec 18 Gulshan Spinning Mills Limited(GSPM)	4.50 ▲ 0.45 (11.11%)
Shaheen Ins. / Dec 18 Shaheen Insurance Company Limited(SHNI)	6.75 ▲ 0.66 (10.84%)
Cresent Jute / Dec 18 Crescent Jute Products Limited(CJPL)	5.24 ▲ 0.48 (10.08%)
Aisha Steel Mill / Dec 18 Aisha Steel Mills Limited(ASL)	11.06 ▲ 1.01 (10.05%)
Oilboy Energy / Dec 18 Oilboy Energy Limited(OBOY)	11.50 ▲ 1.05 (10.05%)
Nimir Resins / Dec 18 Nimir Resins Limited(NRSL)	35.16 ▲ 3.20 (10.01%)
Data Agro / Dec 18 Data Agro Limited(DAAG)	139.24 ▲ 12.66 (10.00%)

Stock	Price
Dewan Textile / Dec 18 Dewan Textile Mills Limited(DWTM)	5.67 ▼ -0.77 (-11.96%)
Blue-Ex Ltd / Dec 18 Blue-Ex Limited (GEM)(GEMBLUEX)	37.76 ▼ -4.20 (-10.01%)
Chakwal Spinning / Dec 18 Chakwal Spinning Mills Limited(CWSM)	48.35 ▼ -5.37 (-10.00%)
Mari Petroleum / Dec 18 Mari Petroleum Company Limited(MARI)	728.78 ▼ -80.98 (-10.00%)
Sanghar Sugar / Dec 18 Sanghar Sugar Mills Limited(SANSM)	29.12 ▼ -3.23 (-9.98%)
Macter Int. Ltd / Dec 18 Macter International Limited(MACTER)	332.06 ▼ -36.16 (-9.82%)
Hafiz Ltd. / Dec 18 Hafiz Limited(HAFL)	199 ▼ -20.05 (-9.15%)
Suhail Jute / Dec 18 Suhail Jute Mills Limited(SUHJ)	51 ▼ -4.95 (-8.85%)
Calcorp Ltd / Dec 18 Calcorp Limited(CASH)	26.60 ▼ -2.53 (-8.69%)

Stock	Volume
WorldCall Telecom / Dec 18 Worldcall Telecom Limited(WTL)	151,921,663 ▼ -0.07
Pak Elektron / Dec 18 Pak Elektron Limited(PAEL)	107,502,606 ▲ 0.89
Cnergyico PK / Dec 18 Cnergyico PK Limited(CNERGY)	58,285,174 ▼ -0.14
B.O.Punjab / Dec 18 The Bank of Punjab(BOP)	57,202,972 ▲ 0.16
Pak Refinery / Dec 18 Pakistan Refinery Limited(PRL)	55,973,468 ▲ 0.55
Sui South Gas / Dec 18 Sui Southern Gas Company Limited(SSGC)	42,923,281 ▲ 2.04
PIA Holding Co.Ltd / Dec 18 PIA Holding Company Limited(PIAHCLA)	36,897,118 ▲ 0.14
Hub Power Co. / Dec 18 The Hub Power Company Limited(HUBC)	33,289,968 ▼ -0.44
K-Electric Ltd. / Dec 18 K-Electric Limited(KEL)	31,365,092 ▼ -0.01

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