تازہ ترین جلد
تلخیص
Money laundering is involved forthe method of disguising the
original ownerships income and circulated in a manner to finally
be the part of legitimate source. It is a criminal Act and hiding of
illegal assets hence acquired through numerous malicious
measures like corruption, smuggling, drug trafficking and most
importantly the cross border terrorism. Money laundering
generates lots of abuses for the country at national and
international platform also and specifically targets the economic
and social system of country. According to the report generated by
United Nation office on Drugs and crime (UNODC),the
Netamount which is laundered per annum globally is 2.5% of
Global GDPor 800 Billions USD to 2 Trillion USD1. The
Financial Action Task Force (FATF) officially put Pakistan in
grey list due to lack of planning and measures for Anti-money
laundering and terrorism financing. The decision was taken on
June 29, 2018 in Paris.The governing body imposed this decision
on the consideration of prepared report of International
Cooperation Review Group (ICRG). There is a need of all
stakeholders directly or indirectly linked with financial system to
understand basic concepts of Money Laundering & Terrorist
Financing, International Initiatives and Efforts for Identification,
Investigation and Prosecution of cases involving ML & TF,
Ibtisam Butt , Azhar Rashid , Salman Khan. (2020) Pakistan Initiatives & Endeavours Tocounter Money Laundering & Terrorist Financing Within FATF Perspective, Journal of Pakistan Vision, Volume 21, Issue 1.
-
Views
677 -
Downloads
96