Money Laundering

Complaint says over Rs56mn were sent out of Pakistan by Sharifs between 1988 and 1991 ISLAMABAD: In a fresh trouble for Pakistan’s ousted prime minister Nawaz Sharif, the National Accountability Bureau (NAB) on Sunday launched another inquiry against him on a journalist’s complaint that over Rs56 million was sent out of the country by his family […]

ISLAMABAD: The National Accountability Bureau (NAB) has launched another inquiry against former prime minister Nawaz Sharif over money laundering allegations. The inquiry has been launched on the complaint of a journalist/columnist, Asad Kharal, the spokesperson for NAB told Dawn on Friday. The journalist has also recorded his statement before the bureau and submitted relevant record […]

Police Commissioner Lawrence Cutajar would not say whether he still saw no reason to investigate the Prime Minister’s chief of staff, Keith Schembri, and Tourism Minister Konrad Mizzi. The police said in March 2017 there was no reasonable suspicion to even commence an investigation into Mr Schembri’s and Dr Mizzi’s secret offshore companies. Replying to […]

Bribery: Israel Prime Minister Benjamin Netanyahu was questioned for the first time for an investigation into a $2 billion submarine deal, but he isn’t a suspect, police said. He was also questioned in a telecom corruption case in which he is a suspect, police said. Mr. Netanyahu has denied wrongdoing. (Reuters, FT, JP, Xinhua, Reuters, TOI) Nonprofits […]

On 14 May 2018, the Council of the EU adopted the Fifth Anti-Money Laundering Directive (5MLD). The changes will complement the existing preventive legal framework by setting out additional measures to better counter the financing of terrorism and to ensure increased transparency of financial transactions and legal entities – without hindering the normal functioning of […]

Pakistan’s ousted prime minister Nawaz Sharif on Monday accused the country chief justice of rushing through the hearings in the three corruption cases filed against him, terming it an “extremely unfortunate” example of “oppression and injustice”. The Supreme Court had disqualified Sharif, 68, last year, forcing the three-time prime minister to resign. Sharif has dismissed […]