Archiv: money laundering


30.06.2019 - 07:52 [ AL Jazeera ]

Why Pakistan’s economy is sinking

For decades, the Pakistani authorities have been unable to establish effective tax collection practices. Currently, only one percent of Pakistanis pay their taxes and the country has one of the lowest tax-to-GDP ratios in the world.

Successive governments have avoided imposing stricter controls because they have been staffed by members of the same elites that are actively evading taxes. They are able to do so not only because of government inaction but also because of widespread corruption. In fact, it is cheaper for them to bribe than to pay their dues.

20.06.2019 - 05:47 [ New York Times ]

Deutsche Bank Faces Criminal Investigation for Potential Money-Laundering Lapses

Federal authorities are investigating whether Deutsche Bank complied with laws meant to stop money laundering and other crimes, the latest government examination of potential misconduct at one of the world’s largest and most troubled banks, according to seven people familiar with the inquiry.

10.06.2019 - 22:42 [ Voice of America ]

Pakistan Arrests Ex-President Zardari on Corruption Charge

Current Prime Minister Imran Khan accuses both Zardari and Sharif of massive corruption and illegally taking billions of dollars to build assets in other countries. He blames the two opposition parties for plunging the national economy into crisis through widespread corruption, which added tens of billions of dollars to the country’s foreign debt.

20.05.2019 - 05:34 [ NewYork Times ]

Deutsche Bank Staff Saw Suspicious Activity in Trump and Kushner Accounts

“You present them with everything, and you give them a recommendation, and nothing happens,” said Tammy McFadden, a former Deutsche Bank anti-money laundering specialist who reviewed some of the transactions. “It’s the D.B. way. They are prone to discounting everything.”

Ms. McFadden said she was terminated last year after she raised concerns about the bank’s practices.

25.04.2019 - 07:13 [ CNN ]

Deutsche Bank begins process of providing Trump financial records to New York’s attorney general

The bank is already the subject of a joint investigation between the House Financial Services and Intelligence committees into Trump’s businesses and money laundering.

Deutsche Bank has been one of the few big banks willing to lend to the Trump Organization in recent years.