On 21 October, Deutsche Welle said that Khanani is one of the world’s most-wanted money launderers, and had maintained business ties with groups like al-Qaida.  He could now prove to be damaging for Pakistan’s efforts for removal from the FATF grey list.  It says that the Pakistani fraudster was involved in the illicit international movement of money between countries like Pakistan, UAE, the US, the UK, Canada and Australia.  His organisation also moved money for drug cartels and terrorist groups such as Hezbollah and al-Qaida.  He was arrested in Panama in September 2015 by DEA and later sent to the US, where a court sentenced him to 68 months in prison.  He was released from prison in July, but his current location appears unknown.  The FinCEN Files contain more information about his activities, and the article says that the Files and Khanani could present problems for Pakistan; but not just Pakistan – in India, the revelations have once again turned the spotlight on Khanani and some of its banks.

I had omitted the following link (as it did not seem to generate much interest!), but it seemed time to add it again and say that, if you would like to make a (polite) gesture and help me with my removal and computer costs, I have a page at

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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