Rahul M Ji:Rahul M wrote:Peregrine please mind the red highlighting, use only underline or bold.
- as mod.
Wilco.
Cheers
Rahul M Ji:Rahul M wrote:Peregrine please mind the red highlighting, use only underline or bold.
- as mod.
ISLAMABAD: Pakistan faces high risks of money laundering and terror financing and has complied with just one the 40 recommendations set by the Financial Action Task Force (FATF) at the time of the country's inclusion in its grey list, according to a report by the Asia Pacific Group (APG).
The APG released its much-awaited 228-page 'Mutual Evaluation Report' on Saturday, ten days ahead of the key Financial Action Task Force's (FATF) plenary meeting which will give its decision on Pakistan's 'grey list' status.
Pakistan was placed on the grey list in June last year and given a plan of action to complete it by October 2019 or face the risk of being placed on the black list with Iran and North Korea.
The cut-off date for Pakistan to show improvement to APG was October 2018 and the Pakistani authorities insisted that they made a lot of progress during the past year.
According to the report, out of FATF's 40 recommendations on curbing money laundering and combating the financing of terrorism, Pakistan was fully compliant only on one. It was largely compliant on nine, partially compliant on 26 and non-compliant on four recommendations, The Express Tribune reported.
Pakistan faces high risks of money laundering and terror financing and it needs to improve the understanding of these risks that are also animating from various terrorist groups operating in the country, the report said.
"After the APG report, chances are high that Pakistan would be retained on the grey list during the FATF plenary meetings from October 13 to 18 in Paris," according to the APG report.
On the level of effectiveness of Pakistan's Anti-Money Laundering and Countering Financing of Terrorism (AML/CFT), Pakistan was found moderately effective only on one benchmark while on the remaining nine its effectiveness was declared as low as of October 2018 cut-off date, the report said.
"Due to these adverse findings, the APG has already decided to place Pakistan on its Expedited Enhanced Follow up reporting list," the APG report said.
The report underlined that Pakistan's regulators - the State Bank of Pakistan and Securities and Exchange Commission of Pakistan - have very limited understating of the money laundering and terror financing regimes.
The report has not agreed with Pakistan's assessment that it faces "medium" category risks of money laundering and terrorism financing.
In its National Risk Assessment report, Pakistan did not believe that money laundering and terrorism financing were high-risk category areas.
Contrary to the assessment by Pakistan that its overall terror financing risk assessment is "medium", Pakistan faces significant risk of terror financing both from legitimate and illegitimate sources as well as weak or no, regulation and supervision of certain sectors such as hawala/hundi, NPOs (Non-Profit Organisation) and DNFBPs (Designated Non-Financial Businesses and Professions) and porous borders, according to the report.
"The terror financing cases are identified by a number of mechanisms but not via financial intelligence," the report said.
The terrorist groups operating in Pakistan are reported to include but not limited to ISIS-Khorasan, Tehreek-e-Taliban Pakistan, Quetta Shura Taliban, Haqqani Network and Lashkar-e-Taiba (including its affiliates Jamaat ud Dawa and Falah-i-Insaniat Foundation), which raise funds through a variety of means, including direct support, public fundraising, abuse of NPOs and though criminal activities, the report added.
It stated that corruption, drug trafficking, fraud, tax evasion, smuggling, human trafficking and organised crime were major predicate offences to money laundering and areas of high risk.
The report also said that Pakistan official and institutions lack capacity to understand the issues of money laundering and its threats.
"Competent authorities have varying levels of understanding of the country's money laundering and terror financing risks, and the private sector has a mixed understanding of risks," the report said.
While Pakistan established a multi-agency approach to implementing its AML/CFT regime, it was not implementing a comprehensive and coordinated risk-based approach to combating money laundering and terror financing, it said.
There are no measures in place to address the money laundering and terror financing risks posed by trusts, including foreign trusts, and waqfs in Pakistan, the report said.
The APG report, however, applauded Pakistan's efforts to combat corruption.
"Corruption is endemic across Pakistan's economy, although Pakistan is to be commended for its recent initiatives to prevent and detect corruption," it said.
The report advised that Pakistan should significantly enhance the use of financial intelligence in money laundering, terror financing, and predicate crime cases, particularly the use of financial intelligence to target terrorist groups and higher- risk predicate crimes.
It also sought improvement in asset confiscation that should commensurate with Pakistan's money laundering and terror financing risks, including cross-border currency.
I love how Kadi Ninda's words are acting like skewers on the side of Pukis. Fuks are constantly on backfoot reactionary mode since Aug 5th. And everytime they feel better another sentence comes out of RNS's mouth making them lose their mind.The Foreign Office (FO) on Monday rejected the Indian defence minister's recent remark that the Financial Action Task Force (FATF) could "blacklist Pakistan for terror financing at any time".
According to a press release issued by the FO spokesperson, Rajnath Singh's statement "reinforces Pakistan’s concerns, repeatedly highlighted to the FATF membership, about India’s attempts to politicise the FATF proceedings to further its narrow, partisan objectives".
The doctrine that PA is also the custodian of Islam was formulated much before Kiyani, by Aslam Beg.Vips wrote:Pak: An army with a country.
While the rest came out of (his) musharraf, this one I believe. Yes the Baki army will fight till the last drop of Kashmiri blood.g.sarkar wrote:https://www.india.com/news/pervez-musha ... d-3797632/
“We will continue to stand by our Kashmiri brethren no matter what,” he said, adding that the Pakistani nation and Pakistan Army will fight till the last drop of their blood.”
.....
Gautam
srin ji, the last drop is getting squeezed from jihad-e-fistula. IK Niazi will get brain hammorage trying too hard to evacuate his inner pakistaniyat through his fistulated musharraf.srin wrote:While the rest came out of (his) musharraf, this one I believe. Yes the Baki army will fight till the last drop of Kashmiri blood.
menon s wrote:Muslim Mirani begs world to help stop sexual assault on Indus Dolphins in #Pakistan. Local men rape Dolphins cause its genitalia resembles that of a woman.
Indus Dolphins are on red list & near extinction. Agrochem-poison in rivers is main source of death.\\\
https://www.humsub.com.pk/66677/muslim- ... rint=print
https://en.dailypakistan.com.pk/pakista ... interwebs/
We want to raise our voice against the sexual abuse of Indus dolphins and launch an awareness campaign on racial and sexual abuse,
these guys are weird!
dont this gives them STDs..he locals are well aware of the tradition but don’t dare to condemn it as it is a well-established tradition of the area and has been widely practised.
ramana wrote:October 11 thru 13 2019, China and India will have the second Informal Summit at Mammalapuram, TN.
The first summit was in April 2018 at Wuhan.
This is a follow-up to that summit.
In diplomatic terms its lightning speed as back to back summits within two years.
Would not be surprised if they formalize this into annual summits in future.
Please put all news of the summit here.
Eg...
CheersPeregrine wrote:India, China should jointly uphold peace and stability, resolve disputes through dialogues: Chinese ambassador PTI
Peregrine wrote:
India, China should jointly uphold peace and stability, resolve disputes through dialogues: Chinese ambassador PTI
HIGHLIGHTS
- Chinese Ambassador Sun Weidong said both India and China should go beyond the model of "management of differences" and work towards actively shaping bilateral relations
- "At the regional level, we should resolve disputes peacefully through dialogue and consultations and jointly uphold regional peace and stability” he said.
NEW DELHI: India and China should resolve disputes peacefully through dialogues at the regional level and jointly uphold peace and stability, Chinese Ambassador Sun Weidong said ahead of the second informal summit between Prime Minister Narendra Modi and President Xi Jinping.
The preparation for the summit coastal town of Mamallapuramon near Chennai have come under the shadow of the Kashmir issue as both sides are yet to announce the dates for Xi's India visit though it is learnt that he will arrive in Chennai on Friday for a nearly 24-hour long trip.
In an exclusive interview to PTI, the Chinese envoy said both India and China should go beyond the model of "management of differences" and work towards actively shaping bilateral relations through accumulation of positive energy and forging greater cooperation for common development.
"At the regional level, we should resolve disputes peacefully through dialogues and consultations and jointly uphold regional peace and stability, " he said, noting that China-India ties transcend the bilateral dimension and assumed global and strategic significance.
"The two sides should strengthen strategic communication, enhance political mutual trust, give full play to the irreplaceable guidance of the two leaders in bilateral relations, and ensure the accurate transmission and solid implementation of the consensus reached by the two leaders, " said the envoy.
The ties between India and China came under some strain after India announced withdrawal of Jammu and Kashmir's special status and bifurcated the state into two Union territories. China criticised India's decision and its foreign minister Wang Yi even raised it at the UN General Assembly last month.
Days later, Chinese ambassador to Pakistan Yao Jing said that China was working for Kashmiris to help them get their fundamental rights and justice, comments which have not gone down well with New Delhi.
The first informal summit between Modi and Xi took place in picturesque Chinese lake city Wuhan in April 2018, months after a 73-day long face off between the armies of the two countries in Doklam tri-juction in Sikkim sector raised fears of a war between the two Asian giants.
In the summit, Modi and Xi decided to issue "strategic guidance" to their militaries to strengthen communication and build trust and understanding.
In Mamallapuramon summit, the focus of the talks is likely to be on steps to ensure mutual development and expanding overall ties.
"We should go beyond the model of differences management, actively shape bilateral relations and accumulate positive energy. We should enhance exchanges and cooperation, promote convergence of interests and achieve common development, " the Chinese envoy said.
On the decades-old boundary question, the envoy said it is normal for neighbours to have differences and the key is to properly handle them and find solution through dialogue and consultation.
"Over the past decades, no single bullet has been fired at the China-India border area, and peace and tranquility has been maintained. Boundary question is only part of China-India relations, " Sun said.
"We need to keep it in the larger picture of China-India relations and do not let the boundary dispute affect the normal development of bilateral relations, " he said.
The envoy said China and India should strengthen communication and coordination on international and regional affairs.
"The uncertainty of the international situation poses common challenges to both China and India. Strengthening solidarity and cooperation between us is an opportunity for our respective development and the world at large, " he said.
"I am convinced that China and India have the vision and capability to chart a course of common development and win-win cooperation among emerging countries and contribute to the building of a community with a shared future, " he added.
Talking about issues relating to trade, Sun said China has long been India's largest trading partner and India is China's largest trading partner in South Asia, adding since the beginning of the 21st century, bilateral trade has grown from less than $3 billion to nearly $100 billion, an increase of about 32 times.
"More than 1,000 Chinese companies have increased their investment in industrial parks, e-commerce and other areas in India, with a total investment of $8 billion and 200,000 local jobs created, " he said.
At the same time, he said there is huge potential and broad prospects for expanding economic and trade cooperation.
"China encourages Chinese companies to invest in India and hopes that India will provide a more fair, friendly and convenient business environment for Chinese companies to operate in India," he added.
Saw a documentary on amazon river on national geographic or may be it was the movie motorcycle dairies, they mention similar thing of how dolphins are used by young tribals.menon s wrote:Muslim Mirani begs world to help stop sexual assault on Indus Dolphins in #Pakistan. Local men rape Dolphins cause its genitalia resembles that of a woman.
Indus Dolphins are on red list & near extinction. Agrochem-poison in rivers is main source of death.\\\
https://www.humsub.com.pk/66677/muslim- ... rint=print
https://en.dailypakistan.com.pk/pakista ... interwebs/
We want to raise our voice against the sexual abuse of Indus dolphins and launch an awareness campaign on racial and sexual abuse,
these guys are weird!
pankajs wrote:Bajwa can no more trust Im the Dim to follow the script. Therefore, he has invited himself to all important engagements of Dimran.
The sour expression: This clown is becoming a maintenance problem. Hope he gets the hint, resigns or else will have to activate 111 Brigade.Gagan wrote:From Scientist Hafiz's twitter handle
If "Coup" had a face
After tasting Radical Islamic Terrorism this Easter, I wonder why SL would even be willing to accept a Pakfauji as the paki ambassador. They are well within their rights to kick him out and ask for someone else, possibly from the civilian side. I also wonder whether we have enough pull with SL to ensure this outcome.menon s wrote:There is a controversy, over a Maj gen Retd: Saad Khattak, who was appointed as ambassador to sri Lanka:
this chap is known, for running a kidnapping for ransom, business in Balochistan, when posted there.
http://transparency-watch.blogspot.com/ ... ector.html
No 111 Brigade is needed anymore. Paki Army has done enough political and social engineering to keep a democratic political mask while they enjoy the full power including one over domestic economic policies. This is new high even for the Paki establishment.Vips wrote:The sour expression: This clown is becoming a maintenance problem. Hope he gets the hint, resigns or else will have to activate 111 Brigade.Gagan wrote:From Scientist Hafiz's twitter handle
If "Coup" had a face
That light bulb seems to be turning on at several places.CalvinH wrote:In 1 year Paki army has used Imran to decimate the opposition leadership. Imran is a useful mask but establishment has carefully supported a chorus that keeps him at position where a single incident can be used to replace him without mass protests at streets. Imran himself has contributed to this position and I am sure he naively believes that he is the leader
Salman Rashid@odysseuslahori
I once said about a "friend" that he was like a condom: good for one time only and then too for just a few minutes. My chum Marvin Parvez fell off his chair laughing and spilled his amrit down his shirt.
I think our Rulers are feeling like that about someone these days.
Constipated. Too much Pakistaniyat. Both need Sat Isabgol. Regularly.Gagan wrote:From Scientist Hafiz's twitter handle
If "Coup" had a face