Organised Crime in Pakistan: A Criminological Study of Money Laundering

Journal of Social Sciences and Humanities 57(1):29-44 (2018)

16 Pages Posted: 2 Jun 2021

See all articles by Dr Tahseen Shaikh

Dr Tahseen Shaikh

Independent; Standard Chartered Bank

Fateh Muhammad Burfat

University of Karachi

Date Written: 2018

Abstract

Organised crime is chameleonic in nature. It is transnational, dynamic, overlapped criminal activities and pervasive in nature. In the same way, money laundering is the predicate offence and it is naturally linked to other organised crimes. After the cold war, this nexus culminated during the occurrence of 9/11 in particular which was a lethal combination of money laundering (ML) and terrorist financing (TF). This combination is currently being experienced by Pakistan; where various terrorist groups are involved with direct and indirect support of proceeds from drug trafficking, assassination, land grabbing, arms smuggling and various other organised crimes routing through the abusage of financial and non-financial channels and support to terrorism. This has left serious socio-politico and economic consequences in the south Asian region and global as well. The researcher found very limited evidence of money laundering characteristics in the existing research literature on Pakistan. Thus to carry out research work on the subject was need of the hour in Pakistan. This led the researcher to find out root causes and existing weaknesses at the regime’s end in countering financial crime and financing of terrorism.

Keywords: Keywords: money laundering, compliance, terrorist financing, corporate governance, organized crime, financial crime, predicate offence

Suggested Citation

Shaikh, Dr Tahseen and Burfat, Fateh Muhammad, Organised Crime in Pakistan: A Criminological Study of Money Laundering (2018). Journal of Social Sciences and Humanities 57(1):29-44 (2018), Available at SSRN: https://ssrn.com/abstract=3851681

Dr Tahseen Shaikh (Contact Author)

Independent ( email )

Karachi
Karachi
Karachi, SD Sindh 111
Pakistan
+923223688929 (Phone)

Standard Chartered Bank ( email )

Pakistan

Fateh Muhammad Burfat

University of Karachi

University Road
Karachi, Sindh 75270
Pakistan

Do you have a job opening that you would like to promote on SSRN?

Paper statistics

Downloads
403
Abstract Views
1,437
Rank
151,676
PlumX Metrics