Tag: CFT
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Isle of Man Faces Renewed Scrutiny Ahead of Moneyval Inspection
Overview The Isle of Man is entering a critical period as it prepares for an upcoming Moneyval assessment focused on anti-money laundering (AML) controls. As a jurisdiction with a robust financial services sector and a strong track record of regulatory reform, the Island now faces renewed scrutiny from international evaluators who will assess how effectively…
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Pakistan’s Money Laundering Risk: IMF Flags Corruption and Weak Accountability
IMF Warning: Corruption-Related Money Laundering on the Rise in Pakistan The International Monetary Fund (IMF) has raised red flags over Pakistan’s vulnerability to corruption-related money laundering. In its assessments, the IMF notes that the country’s systemic weaknesses in governance, together with regulatory gaps, create fertile ground for illicit financial flows. The warning comes as Pakistan…