money laundering
Customs Uncovers Rs2.21 Billion Trade-Based Money Laundering Scheme
A Customs investigation has uncovered the illegal import of 71,815 internet routers worth Rs3.269 billion through two fake companies, with the consignments cleared without the…
FBR Data Analytics Busts PKR 9.41 Billion Tax Fraud in Pakistan
The Federal Board of Revenue (FBR) recently busted a massive tax fraud. Taxpayers illegally revised their old wealth statements. Consequently, they brought unexplained assets worth…
Islamabad Call Centres Expose Rs172bn Digital Heist and Money Laundering
The Federal Investigation Agency (FIA) has formed a new nine-member Joint Investigation Team (JIT) to reinvestigate a Rs172 billion digital fraud and money laundering scandal…
FBR Redraws Enforcement Map to Crack Down on Illicit Money Flows
The Federal Board of Revenue (FBR) has overhauled how it monitors non-financial businesses and professions for money laundering and terrorism financing risks, amending its 2020…
Innovative Biscuits Directors Booked by FIA in Rs. 6.62B Fraud Case
The Federal Investigation Agency (FIA) recently registered a massive case of money laundering, fraud, and tax evasion. The FIA booked seven individuals in Lahore. These…
Exclusive: US Indictment Alleges $10 Million Medicare Fraud Involving Burhan Mirza
Federal prosecutors in the United States have filed charges alleging a large-scale Medicare fraud scheme that authorities say involved fake diagnostic labs, fabricated invoices, and…
Faceless Customs System Causes Rs100bn Loss in Three Months
The Faceless Customs Assessment (FCA) system, launched by Prime Minister Shehbaz Sharif in Karachi last year to combat corruption, has caused a staggering Rs100 billion…
NCCIA Powers Extended to Probe Money Laundering Cases
The federal government has extended NCCIA powers, authorizing the National Cyber Crime Investigation Agency (NCCIA) to investigate money laundering cases under the Anti-Money Laundering Act…
NAB Integrates AI Technology in Financial Crime Investigations
In a major step toward modernizing its investigative framework, the National Accountability Bureau (NAB) has officially begun integrating AI technology in financial crime investigations across…
SECP to Establish Centralized UBO Registry to Boost Corporate Transparency
ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has announced proposed amendments to the Companies Regulations, 2024, to establish a centralized UBO registry for…
Former Twitter Employee Found Guilty of Spying for Saudi Arabia
Ahmad Abouammo, a former employee of Twitter and US resident who worked in the Middle East branch of Twitter in the media partnerships sector was…
Former Netflix Executive Convicted Of Money Laundering And Taking Bribes
Recently, a former Netflix executive named Michael Kail who was the company’s Vice President of information technology was accused of money laundering and taking bribes…
Businesses with digital currencies being monitored by FIA
Due to numerous illegal trading of digital currencies, the Federal Investigation Agency (FIA) is currently monitoring all businesses and their respective trade proceedings in Punjab.…
