<p id="content">At least six Pakistani banks have been named in an investigation on the role global banks play in money laundering, which make up to at least $2.5 million.</p>
The International Consortium of Investigative Journalists (ICIJ) and Buzzfeed News carried out an investigation and found that at least 29 suspicious transactions worth about $2.5 million related to Pakistani banks, that may have been used for money laundering.
The six banks are Allied Bank, United Bank Limited (UBL), Habib Metropolitan Bank, Bank Alfalah, Standard Chartered Bank Pakistan and Habib Bank Limited.
As per the investigation, all of 29 suspicious transactions were done during the year 2011 and 2012.
The investigation details by Buzzfeed News, shared with the ICIJ revealed that global banks to the US Treasury Department's Intelligence Unit, the Financial Crimes Enforcement Network known as FinCEN, filed over 2,100 suspicious activity reports.
The report revealed that global banks moved more than $2 trillion between 1999 and 2017 in suspicious payments, flagging clients in more than 170 countries, identified as being involved in illicit transaction.
As per revealed data on Pakistani banks, out of the 29 suspicious transactions to and from Pakistan, received transactions amounted to $1,942,560 while the sent transactions were $452,000, which include at least 12 suspicious transactions by Allied Bank, eight flagged transactions by United Bank Limited, three by Bank Alfalah, four transactions by Standard Chartered Bank and one by Habib Bank Limited.
The report has put another dent on global image of Pakistan's crippling economy and its position on money laundering.
It comes at a time when Pakistan is working hard towards fulfilling the 27-point-action plan of the global watchdog on terror financing and money laundering, the Financial Action Task Force (FATF).
Pakistan currently is in the grey list of the FATF and is working on compliance of the action plan to ensure that it saves itself from being pushed ahead into the blacklist, which would attract global financial sanctions.
As per details shared by the Pakistan Foreign Office about the OIC meeting, members of the contact group reviewed the recent developments in Jammu and Kashmir, including the human rights and humanitarian situation and the tensions along the Line of Control (LoC).
"The RSS-BJP regime in India was implementing the so-called final solution in the occupied lands," said Pakistan's Ambassador Munir Akram as he read out the Foreign Minister's message in the meeting.
"India was engaged in systematically engineering a demographic change through its new domicile rules.
"The issuance of 1.6 million domicile certificates since March is meant to change the demography of IOJK from a Muslim majority into Hindu majority territory," he added.
Qureshi also highlighted that India was also "changing the official status of the Urdu language through new legislation".
The Minister rejected India's claim of normalcy in Kashmir, he said "a joint communication by 18 special mandate holders of the Human Rights Council issued last month, noted that the human rights situation there was in a free fall and hundreds of young Kashmiris were killed extra-judicially in fake encounters and cordon and search operations".
Qureshi also raised serious concern over what he called "complete impunity of Indian security forces under black laws like Armed Forces Special Powers Act (AFSPA) and the Public Safety Act (PSA)".
"There is a tangible threat of further escalation as India might conduct another false flag operation to justify renewed aggression against Pakistan, posing a serious threat to regional peace and security," he said.
Qureshi said that India should immediately lift its military siege and rescind all illegal actions taken since August 5 2019, removing restrictions on communications, movement and peaceful assembly, along with release of political leaders and free arbitrarily detained Kashmiris.
"Allow unhindered access to fact finding missions and the international media to investigate human rights violations in the occupied lands," he added..
