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
Prime Minister Imran Khan, he said an honest leader of the country, and he would never grant NRO to any party leader facing corruption and money laundering cases.
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.
He made it clear that Prime Minister Imran Khan would never compromise with leaders of the political parties involved in corruption and money laundering cases.
Whatever side of the political spectrum you support, robust anti-money laundering and counter terrorist financing measures need to be a strategic part of Pakistan’s future.
"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.
Both Hamza Shahbaz and Shahbaz Sharif appeared before AC judge Jawadul Hassan in money laundering and assets beyond means references amid high security.
Coming back to India, banks i.e. Punjab National Bank, Kotak Mahindra Bank, HDFC Bank, Kanara Bank, Indusland Bank were also included in the list of money launderers.
As per the documents, Altaf Khanani, who was arrested by the US Authorities back in 2015 exchanged large and suspicious sums for accounts in Denmark’s bank namely Danske Bank's branch in Estonia through one of his central companies.
The reports were based on the leaked Suspicious Activity Reports (SARs) filed by banks and other financial firms with the U.S. Department of Treasury’s Financial Crimes Enforcement Network (FinCEN).