Money Laundering Menace in Pakistan and Role of Zardari and Nawaz Sharif

What a shame, our stock exchange chairman was a money launderer for one of the leading politicians Zardari. Our national bank CEO was also money launderer for the other leading politican Nawaz Sharif. Our finance minister was money launderer in chief for Nawaz Sharif. And of course state bank governor is also a political appointee. And of course all these people taunt and ridicule courts, judges, and other institutions when confronted about their corruption and money laundering.





Hussain Lawai Legal Troubles
https://profit.pakistantoday.com.pk/2018/07/16/the-return-of-husain-lawais-legal-troubles/

HBL Money Laundering Troubles in New York
https://profit.pakistantoday.com.pk/2017/09/10/what-happened-at-habib-bank-in-new-york/

"“In DFS’s Statement of Charges, the only indication of these remarkable events is the short and formulaic phrase ‘politically exposed person activity’,” he said. “Sharif and others involved in such actions will not like the exposure that they receive at the hearing,” he added.

DFS’s Public Affairs Department, too, denied comment. “We cannot comment on the details of our negotiations and discussions with our regulated entities,” they wrote in an email to Profit.

However, the report reveals that the volume of transactions involved was not small. HBL’s New York branch handled $287 billion in correspondent banking transactions in the calendar year 2015, of which nearly $69 billion was on behalf of Al Rajhi.

The problem, according to analysts who cover the stock (but wished to remain anonymous for the purposes of this article), is that HBL never felt that investing in the technology to automatically detect money laundering and other fraudulent activity was worth it for a branch that only produced total profit of $10 million over the past decade or less than 1% of the bank’s total profits during that period."

Ary Video on Nawaz Sharif Money Laundering

FATF and Money Laundering
https://tribune.com.pk/story/1746079/1-pakistan-formally-placed-fatf-grey-list/

NACTA and FIA unable to prepare crucial FATF report
https://tribune.com.pk/story/1772287/1-nacta-says-unable-prepare-crucial-report-fatf/

Pakistan asked to make terror financing, money laundering extraditable offences

https://tribune.com.pk/story/1781828/1-pakistan-asked-make-terror-financing-money-laundering-extraditable-offences/