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MONEY LAUNDERING

NAB has 'solid evidence' of money-laundering by 'big fish', says Iqbal
Pakistan

NAB has 'solid evidence' of money-laundering by 'big fish', says Iqbal

  • NAB chairperson says solid evidence of billions of rupees money-laundering are available, which were laundered by opening fake accounts
  • NAB had so far recovered Rs714 billion since its inception while 1,243 corruption cases, having accumulative corruption volume of Rs943 billion, are under trial: Iqbal
Published 25 Jan, 2021 11:21am
London's Luxury Homes are a Prime Target to hide 'Dirty Money': Report
World

London's Luxury Homes are a Prime Target to hide 'Dirty Money': Report

  • The property market in the United Kingdom is increasingly becoming a prime target for money laundering, with London's most expensive property attracting criminal buyers from the around the world to hide ill-gotten wealth.
  • The onset of the coronavirus pandemic has only made the real estate sector more vulnerable to dirty money, as the dwindling demand for expensive and extravagant homes makes it more susceptible to exploitation from criminal entities.
Updated 24 Dec, 2020 05:24pm
PM Khan welcomes Joe Biden’s ‘declared intent’ to target dirty money, offshore tax havens
World

PM Khan welcomes Joe Biden’s ‘declared intent’ to target dirty money, offshore tax havens

  • "Developing countries are being impoverished by their corrupt elites who launder money to richer countries and offshore tax havens," the PM tweeted.
  • "I will lead efforts internationally to bring transparency to the global financial system, go after illicit tax havens, seize stolen assets, and make it more difficult for leaders who steal from their people to hide behind anonymous front companies," Biden wrote.
Updated 09 Dec, 2020 11:39am