Anti-Money Laundering Act, 2010 (Second Amendment Act, 2020)

In order to bring further improvements in the Anti-Money Laundering Act, 2010 (AML Act) and in line with the recommendations of Asia Pacific Group” Mutual Evaluation Report, 2019 for Pakistan and suggestions of Anti Money Laundering and Countering the Financing of Terrorism (AML/CFI) stake holders, amendments in the AML Act, 2010 are being proposed. These amendments are aimed at streamlining the existing AML law in line with international standards prescribed by Financial Action Task Force (FATF) and will reflect Government’s firm resolve to strengthen its Anti-Money Laundering regime.

PWC Global And Economic Crime and Fraud Survey 2020

Turn on the news or leaf through a newspaper and chances are you’ll find a story about economic crime or fraud. Bribery suspected in building collapse. Medical records and financial data of millions hacked. Fraud and economic crime rates remain at record highs, impacting more companies in more diverse ways than ever before. With this in mind, businesses should be asking, Are we assessing threats well enough, or are gaps leaving us dangerously exposed? Are the fraud-fighting technologies we’ve deployed providing the value we expected? When an incident occurs, are we taking the right action?These are some of the provocative questions that lie at the heart of the findings in this year’s Global Economic Crime and Fraud Survey.

ACFE Global Study on occupational Fraud and Abuse 2020

The Association of Certified Fraud Examiners is pleased to present the 2020 edition of the Report to the Nations, our 11th study of the impact occupational fraud has on organizations throughout the world. Occupational fraud — fraud committed by individuals against the organizations that employ them — is among the costliest forms of financial crime in existence.

This study contains an analysis of 2,504 cases of occupational fraud that were investigated between January 2018 and September 2019. This is a tiny fraction of the number of frauds committed each year against millions of businesses, government organizations, and nonprofits throughout the world.