Latest news with #AML
The Hindu
5 hours ago
- Business
- The Hindu
Supriya Sahu honoured for contribution in fight against financial crimes
Supriya Sahu, Additional Chief Secretary to the Departments of Environment, Climate Change, and Forests, Government of Tamil Nadu, has been recognised for her contribution to the fight against financial crimes. At the 41st Plenary Meeting of the Eurasian Group (EAG) held in November 2024 in Indore, Sahu was one of the few individuals honoured for her exemplary leadership and service. In recognition of her work, Ms. Sahu received a commemorative certificate of merit presented by Vivek Aggarwal, former Additional Secretary and Head of the Indian Delegation to Financial Action Task Force (FATF). In a letter, dated April 30, Mr. Aggarwal expressed deep appreciation for Ms. Sahu's dedication, highlighting how her efforts had strengthened the integrity of the financial system and enhanced India's position within the international community. The event, which also marked the 20th Anniversary of the EAG, brought together global leaders, representatives from member States, and international observers committed to anti-money laundering and combating the financing of terrorism (AML/CFT). The recognition highlights Ms. Sahu's role in India's successful evaluation under the FATF, where the country was placed under the 'regular follow-up category,' an honour afforded only to a select few of the world's leading economies.
Business Standard
6 hours ago
- Health
- Business Standard
World No Tobacco Day 2025: Experts Unite Against Tobacco as a Leading Cause of Cancer and Chronic Diseases
PNN New Delhi [India], May 31: On the occasion of World No Tobacco Day, observed every year on May 31, leading healthcare experts across the country are sounding a clarion call against one of the biggest threats to global health: tobacco. Beyond awareness, experts are demanding urgent action, highlighting tobacco's devastating and far-reaching effects -- from cancer, respiratory, and cardiovascular disease to infertility and second-hand smoke exposure. India currently faces over 37.5 lakh active cancer cases, and tobacco remains the single largest preventable cause. According to a global study published in The Lancet's eClinical Medicine, tobacco-related illnesses cause over 1.3 million cancer-related deaths annually across seven countries, including India. "Smoking is one of the worst carcinogens in the world. Tobacco exposes the entire body, not just the lungs, to cancer-causing agents. It's linked to multiple cancers, including those of the lung, mouth, throat, esophagus, larynx, pancreas, bladder, kidney, stomach, cervix, colon, and even blood cancers like acute myeloid leukemia (AML)," said Dr. Dinesh Singh, Director and Head, Radiation Oncology, Action Cancer Hospital, Delhi. Dr. Singh further warns about second-hand smoke, stating that even non-smokers exposed to it absorb carcinogens and face a significantly elevated cancer risk, especially for lung cancer. "Tobacco smoke promotes chronic inflammation, triggering genetic instability and abnormal cell growth -- a key environment for cancer to develop. Nearly every organ in the body is affected," he explained. Dr. Pritpal Kaur, Pulmonologist, Apollo Spectra Hospital, Karol Bagh, Delhi said, "Tobacco is a toxic cocktail that attacks the respiratory system at every level--from inflaming the airways to permanently damaging lung tissues. COPD, asthma, lung cancer, and bronchitis are just the tip of the iceberg. Tobacco doesn't just suffocate the lungs--it wreaks havoc across the entire body. Every puff poisons not just the smoker, but everyone around them." As India continues to battle its cancer burden, Bengaluru-based SPARSH Group of Hospitals has taken a bold step forward. On May 18, 2025, SPARSH launched its flagship 300-bed multi-speciality hospital on Hennur Road, Bengaluru, introducing its first comprehensive cancer care facility. Backed by world-class infrastructure and an expert team across 50 specialities, the hospital features 75 ICU beds and an integrated oncology program. Dr. Vivek Shetty, Senior Consultant- Head & Neck Oncology, SPARSH Hospital, Hennur Road, Bengaluru said, "Along with lung cancer, oral cancer is also alarmingly common among people who smoke or use tobacco in other forms. There is an urgent need to increase awareness about early detection through proper screening and to encourage timely treatment." "With our new facility at Hennur Road, we now offer best-in-class comprehensive cancer care to combat these life-threatening diseases. Our mission is to bring comprehensive cancer treatment to the doorsteps of people in Karnataka, especially Bengaluru and its neighbouring regions," added Dr. Shetty. The hospital's approach marries precision medicine, compassion, and accessibility, making it a timely answer to Karnataka's growing cancer crisis, where 86,563 new cases are projected annually, with lung and mouth cancers comprising nearly 16% of male cancers. Whether smoked or chewed, tobacco remains the most potent and preventable health hazard. And the consequences go beyond cancer, heart disease, stroke, reproductive disorders, and chronic lung diseases, all bear its imprint. "Tobacco addiction is difficult but not impossible to beat. With modern therapies, counselling, and the right intent, recovery is possible. Every cigarette not smoked is a step toward healing -- not just for the smoker, but for their entire family, said Dr. Arun Kumar Verma, Senior Consultant- Oncology, Chhatrapati Shivaji Subharti Hospital, Meerut. "From lung, oral, and throat cancers to bladder and oesophageal malignancies, tobacco is a common denominator. What's worrying is that even people exposed to secondhand smoke--like family members or co-workers-are--are at risk," warned Dr. Verma, adding, "We must dispel the myth of 'safe usage'. There is no safe level of tobacco exposure." Experts concluded that with early detection, structured cessation programs, and accessible treatment, outcomes can dramatically improve. But quitting tobacco should also be a top priority.
Time Business News
8 hours ago
- Business
- Time Business News
How to Exchange Payeer to JazzCash?
Payeer and JazzCash are two popular financial tools used in Pakistan's digital economy. Payeer is an international e-wallet widely used for online payments and currency exchange. JazzCash, on the other hand, is a local mobile wallet service in Pakistan, offering fast money transfers, bill payments, and mobile top-ups. Transferring money between international and local systems like Payeer and JazzCash can seem tricky. That's where XChangic comes in. XChangic is a trusted and fast-growing digital currency exchanger that helps users convert Payeer to JazzCash easily. The platform acts as a bridge between international wallets like Payeer and local wallets like JazzCash, making the process seamless and reliable. Whether you're a freelancer, investor, or trader, XChangic provides a quick, secure, and user-friendly interface for currency exchanges. Here are some compelling reasons to use XChangic: Instant Transactions – Most exchanges complete within minutes. – Most exchanges complete within minutes. Trusted by Thousands – Verified user reviews across Pakistan. – Verified user reviews across Pakistan. 24/7 Customer Support – Available on WhatsApp and live chat. – Available on WhatsApp and live chat. Best Exchange Rates – Competitive compared to local dealers. – Competitive compared to local dealers. Secure and Transparent – Two-step verification and SSL encryption. Head over to XChangic's website and make sure you're on the official page (secure lock icon). From the exchange section, select: Send : Payeer USD : Payeer USD Receive: JazzCash PKR Input the amount you want to send. Fill in your: Full Name JazzCash Number Email Address Click on 'Exchange Now.' You'll see a summary of the transaction. Confirm to continue. Send the exact USD amount to the Payeer address provided. Copy-paste to avoid errors. Once sent, XChangic will automatically detect your payment and process the order. After a few minutes, you'll receive your PKR in the JazzCash wallet you entered earlier. It's that simple! Your transactions and personal data are protected by: 256-bit SSL Encryption Two-Factor Authentication (2FA) Manual verification for suspicious activity Transparent order history These features make XChangic one of the safest platforms for Payeer to JazzCash conversions. Converting Payeer to JazzCash with XChangic is one of the fastest, safest, and most convenient ways to receive your funds in Pakistan. Whether you're a freelancer, or online shopper, XChangic offers transparent pricing, fast support, and instant delivery. People searching for financial topics like Andy Beshear net worth often care about secure and trustworthy platforms—just like XChangic is for e-currency exchange. Ready to get started? Head over to XChangic and exchange Payeer to JazzCash within minutes. Yes, as long as you follow KYC and AML rules. Typically under 10 minutes if all details are correct. $10 USD is the minimum transaction limit on XChangic. Not mandatory but recommended for higher limits and faster service. No, all charges are transparent and shown before confirmation. It's recommended to use your own registered JazzCash account for smooth processing. TIME BUSINESS NEWS
Scoop
11 hours ago
- Business
- Scoop
PNG Faces Deadline For Fixing Issues With Money Laundering And Terrorist Financing
Article – RNZ Papua New Guinea has five months remaining to fix its anti-money laundering and counter-terrorist financing systems or face repercussions. Scott Waide, RNZ Pacific PNG correspondent -Analysis Papua New Guinea has five months remaining to fix its anti-money laundering and counter-terrorist financing (AML/CTF) systems or face the severe repercussions of being placed on the Financial Action Task Force's (FATF) 'grey list'. The FATF has imposed an October 2025 deadline, and the government is scrambling to prove its commitment to global partners. Speaking in Parliament, Prime Minister James Marape said Treasury Minister, Ian Ling-Stuckey has been given the responsibility to lead a taskforce to fix PNG's issues associated with money laundering and terrorist financing. 'I summoned all agency heads to a critical meeting last week giving them clear direction, in no uncertain terms, that they work day and night to avert the possibility of us getting grey listed,' Marape said. 'This review comes around every five years. 'We have only three or four areas that are outstanding that we must dispatch forthwith.' PNG is no stranger to the FATF grey list, having been placed under increased monitoring in 2014 before successfully being removed in 2016. However, a recent assessment by the Asia Pacific Group on Money Laundering (APG) highlighted ongoing deficiencies, particularly in the effectiveness of PNG's AML/CTF regime. While the country has made strides in establishing the necessary laws and regulations (technical compliance), the real challenge lies in PNG's implementation and enforcement. The core of the problem, according to analysts, is a lack of effective prosecution and punishment for money laundering and terrorism financing. High-risk sectors such as corruption, fraud against government programmes, illegal logging, illicit fishing, and tax evasion, remain largely unchecked by successful legal actions. Capacity gaps within key agencies like the Royal Papua New Guinea Constabulary and the Office of the Public Prosecutor have been cited as significant hurdles. Recent drug hauls have also highlighted existing flaws in detection in the country's financial systems. The implications of greylisting are far-reaching and potentially devastating for a developing nation like PNG, which is heavily reliant on foreign investment and international financial flows. Deputy Opposition leader James Nomane warned in Parliament that greylisting 'will severely affect the economy, investor confidence, and make things worse for Papua New Guinea with respect to inflationary pressures, the cost of imports, and a whole host of issues'. If PNG is greylisted, the immediate economic fallout could be substantial. It would signal to global financial institutions that PNG carries a heightened risk for financial crimes, potentially leading to a sharp decline in foreign direct investment. Critical resource projects, including Papua LNG, P'nyang LNG, Wafi-Golpu, and Frieda River Mines, could face delays or even be halted as investors become wary of the increased financial and reputational risks. Beyond investment, the cost of doing business in PNG could also rise. International correspondent banks, vital conduits for cross-border transactions, may de-risk by cutting ties or scaling back operations with PNG financial institutions. This 'de-risking' could make it more expensive and complex for businesses and individuals alike to conduct international transactions, leading to higher fees and increased scrutiny.
Scoop
15 hours ago
- Business
- Scoop
PNG Faces Deadline For Fixing Issues With Money Laundering And Terrorist Financing
Scott Waide, RNZ Pacific PNG correspondent -Analysis Papua New Guinea has five months remaining to fix its anti-money laundering and counter-terrorist financing (AML/CTF) systems or face the severe repercussions of being placed on the Financial Action Task Force's (FATF) "grey list". The FATF has imposed an October 2025 deadline, and the government is scrambling to prove its commitment to global partners. Speaking in Parliament, Prime Minister James Marape said Treasury Minister, Ian Ling-Stuckey has been given the responsibility to lead a taskforce to fix PNG's issues associated with money laundering and terrorist financing. "I summoned all agency heads to a critical meeting last week giving them clear direction, in no uncertain terms, that they work day and night to avert the possibility of us getting grey listed," Marape said. "This review comes around every five years. "We have only three or four areas that are outstanding that we must dispatch forthwith." PNG is no stranger to the FATF grey list, having been placed under increased monitoring in 2014 before successfully being removed in 2016. However, a recent assessment by the Asia Pacific Group on Money Laundering (APG) highlighted ongoing deficiencies, particularly in the effectiveness of PNG's AML/CTF regime. While the country has made strides in establishing the necessary laws and regulations (technical compliance), the real challenge lies in PNG's implementation and enforcement. The core of the problem, according to analysts, is a lack of effective prosecution and punishment for money laundering and terrorism financing. High-risk sectors such as corruption, fraud against government programmes, illegal logging, illicit fishing, and tax evasion, remain largely unchecked by successful legal actions. Capacity gaps within key agencies like the Royal Papua New Guinea Constabulary and the Office of the Public Prosecutor have been cited as significant hurdles. Recent drug hauls have also highlighted existing flaws in detection in the country's financial systems. The implications of greylisting are far-reaching and potentially devastating for a developing nation like PNG, which is heavily reliant on foreign investment and international financial flows. Deputy Opposition leader James Nomane warned in Parliament that greylisting "will severely affect the economy, investor confidence, and make things worse for Papua New Guinea with respect to inflationary pressures, the cost of imports, and a whole host of issues". If PNG is greylisted, the immediate economic fallout could be substantial. It would signal to global financial institutions that PNG carries a heightened risk for financial crimes, potentially leading to a sharp decline in foreign direct investment. Critical resource projects, including Papua LNG, P'nyang LNG, Wafi-Golpu, and Frieda River Mines, could face delays or even be halted as investors become wary of the increased financial and reputational risks. Beyond investment, the cost of doing business in PNG could also rise. International correspondent banks, vital conduits for cross-border transactions, may de-risk by cutting ties or scaling back operations with PNG financial institutions. This "de-risking" could make it more expensive and complex for businesses and individuals alike to conduct international transactions, leading to higher fees and increased scrutiny.
