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Bahrain Public Prosecution wins appeal in Future Bank case | THE DAILY TRIBUNE

The Daily Tribune – www.newsofbahrain.com The Financial Crimes and Money Laundering Prosecution announced that the High Criminal Court of Appeals ruled yesterday to rectify the appealed verdict concerning the sentences of confiscation, jail and fines in a money laundering case. The defendants in the case are Future Bank and five of its officials, as well as several Iranian banks and the Central Bank of Iran. The court accepted the appeal lodged by the Public Prosecution in relation to the confiscation and amended the confiscation amount imposed against the defendants (natural and legal persons) to $21,500,000 of their funds and properties while upholding the remaining aspects of the appealed verdict.

Cold comfort: On Pak continues to be in FATF

Pakistan avoided the blacklist, but it should address cross-border terror To Islamabad’s deep disappointment, the Paris-based 39-member Financial Action Task Force has decided once again to keep Pakistan on its “grey list” of countries under “increased monitoring”, giving it another three months to complete its commitments. After being removed from that list in 2015, Pakistan was put back on it in June 2018, and handed a 27-point action list to fulfil. On Thursday, FATF President Marcus Pleyer announced that although Pakistan has made “significant progress”, it had three remaining points of the 27 that were only partially addressed, notably all in the area of curbing terror financing. The body listed the remaining tasks: demonstrating terror-funding prosecution is accurate, effective and dissuasive, and thoroughly implementing financial sanctions against all terrorists designated by the UN Security Council, which include LeT founder Hafiz Saeed, JeM chief Masood Azhar

Exclusive: After army tightening on Pakistani border Terror fund are reaching from Nepal to Jammu Kashmir via Bihar - नेपाल के रास्ते वाया बिहार जम्मू-कश्मीर पहुंच रहा टेरर फंड, जांच में जुटी सुरक्षा एजेंसियां

Exclusive: After army tightening on Pakistani border Terror fund are reaching from Nepal to Jammu Kashmir via Bihar - नेपाल के रास्ते वाया बिहार जम्मू-कश्मीर पहुंच रहा टेरर फंड, जांच में जुटी सुरक्षा एजेंसियां
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