U.N. and U.S. sanctions against the Lashkar-e-Taiba, one of the largest militant Islamist groups operating in the world, have done little to stem its finances, according to Amit Kumar, the fellow for Homeland Security and Counterterrorism at the Center for National Policy.
Transparency International's anti-corruption efforts in Pakistan have drawn public denunciations and death threats, in part because the organization controls $7.5 billion in aid, according to a group official.
A report by an intergovernmental watchdog highlighting the anti-money laundering weaknesses of more than two dozen countries is prompting non-bank financial institutions to drop customers and avoid risky markets.
An international watchdog group said Friday that it will respond to Group of 20 calls for the reinstitution of a blacklist naming jurisdictions with weak anti-money laundering controls.
A Paris court convicted the National Bank of Pakistan and French Bank Societe Marseillaise de Credit on Thursday of failing to detect an 82 million euro money laundering scheme, according to the Associated Press.
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