WASHINGTON, February 27: The United Arab Emirates is giving very little cooperation to India in investigating cases of transaction of the country's illegal money through Dubai, the United States said today.``Discussions with Indian law enforcement and regulatory officials have indicated that Dubai, where unregulated foreign exchange businesses have been shown to play a significant role in legal and illicit transactions, provides very little in the way of investigative cooperation,'' it said.
Ranking India, Pakistan and itself among the top 58 money-laundering countries, the US said in its annual international narcotics control strategy report, ``with the collapse of the Gujral government, it is not clear whether the anti-money laundering legislation that was drafted will be enacted.''
``This legislation is rumoured to call for full criminalisation of money laundering, reporting of all cash transactions over a certain size, reporting of suspicious transactions and the establishment of a centralauthority to process reports and to coordinate anti-money laundering activities,'' the report said.
On Pakistan, the report said, ``sufficient legislation exists to control and punish public corruption, but these laws are seldom enforced.''
``Given the extremely low salaries paid to law enforcement and judicial personnel, corruption is a constant threat to the integrity of these institutions (in Pakistan),'' it said.
However, it said, there was little, if any, information available on money laundering in Pakistan.
Copyright © 1998 Indian Express Newspapers (Bombay) Ltd.
