‘Criminals find loopholes to create layers for money laundering’ Islamabad December 12, 2020 Islamabad : A webinar on ‘Anti-Money Laundering and Global Security’ was organised by Centre for Aerospace & Security Studies, here on Friday. An international panel of experts from Pakistan and the United Kingdom were of the view that criminal entities had found loopholes in every industry to create layers for money laundering. Prof. Dr Nicholas Ryder, Professor of Financial Crime at UWE, Bristol, said that in order to make state as well as corporate compliance more robust, countries like the US and the EU need to coordinate and cooperate with countries from the South from where taxpayers' money is illegally funnelled out. Shakeel Ahmad Ramay from the Sustainable Development Policy Institute stated that politics needed to be taken out of the fight against money laundering.