Countering corporate default and fraud
Dr. Ikramul Haq & Hassan Aslam Shad The reports of corporate corruption or cartelization by certain companies, within a particular sector, keep on appearing and fading in Pakistan with promises of punishing the culprits. It is a bitter truth that…
Huzaima Bukhari
“No organization can stay uncorrupt for long, be it a political party, a religious institution or a charity foundation – sooner or later the instinctual evils of greed and cruelty overwhelm the organization, fueled by its authoritative control over people.”― Abhijit…
“Inflation is taxation without legislation”
Dr. Ikramul Haq “Inflation is taxation without legislation—Milton Friedman—Editorial of November 11, 2009 in Wall Street Journal, titled, Taxation without Legislation The budget for fiscal year 2020-21 was made amidst very difficult times when the country was suffering immensely—in terms…
Environmental Crimes: An Emerging Challenge
Huzaima Bukhari, Dr. Ikramul Haq & Abdul Rauf Shakoori The Financial Action Task Force (FATF), as an inter-governmental and international watchdog body, is playing an important role to protect our financial system from those who intend to pollute it. The…
Pakistan: ML/CFT challenges in trade
Huzaima Bukhari, Dr. Ikramul Haq Trade is used as an ally for money laundering by misdeclarations of goods, under-invoicing and over-invoicing—Justice Ayesha Malik, paper read at International Judicial Conference 2012. The Financial Action Task Force (FATF) in its document, FATF…
FATF, Pakistan & TBML
Huzaima Bukhari, Dr. Ikramul Haq & Abdul Rauf Shakoori There are three main methods by which criminal organisations and terrorist financiers move money for the purpose of disguising its origins and integrating it into the formal economy. The first is…
Cacophonic leadership!
Huzaima Bukhari “Great leaders create more leaders, not followers. Great leaders have vision, share vision, and inspire others to create their own”—Roy T Bennett The Light In the Heart A review of the last fifteen years of democratic rule in…
National FATAF Secretariat & FMU
Huzaima Bukhari, Dr. Ikramul Haq & Abdul Rauf Shakoori The mere claims of authorities dealing with Financial Action Task Force (FATF) and Asian Pacific Group (APG) for complying with 26 out of 27 action items agreed in June 2018 not…
Lower & predictable taxes for growth
Dr. Ikramul Haq The outdated and oppressive tax structures at federal and provincial levels have created further fiscal mess and how come out of it is discussed in Towards Flat, Low-rate, Broad and Predictable Taxes’ (PRIME Institute, Islamabad, published…