English हिन्दी
Connect with us

Latest world news

Pakistan may remain on FATF grey list, but only one of 40 recommendations fully complied with

FATF’s Asia-Pacific Group said Pakistan has complied with just one of its 40 recommendations and has failed to implement a UNSC resolution against Hafiz Saeed and other UN-designated terrorists, as well as outfits like Jaish-e-Mohammed and the Lashkar-e-Taiba.

Published

on

Financial Action Task Force (FATF)

Pakistan has complied with just one the 40 recommendations set by the Financial Action Task Force (FATF), the Asia-Pacific Group (APG) of global terror financing watchdog said today, Monday, Oct 7.

It also said Pakistan has failed to fully implement a UN Security Council resolution against Hafiz Saeed and other UN-designated terrorists, as well as outfits like Jaish-e-Mohammed and the Lashkar-e-Taiba, according to media reports.

The APG’s much awaited ‘Mutual Evaluation Report’ running into 228 pages was released on Saturday, ten days ahead of the key FATF plenary meeting which will give its decision on Pakistan’s ‘grey list’ status.

It 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.”

Pakistan was placed on the grey list in June last year and given a plan of action to complete by October 2019 or face the risk of being placed on the black list with Iran and North Korea.

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 has not taken sufficient measures to fully implement UNSCR 1267 obligations against all listed individuals and entities – especially those associated with Lashkar-eTayyiba (LeT) / Jamaat-ud-Dawa (JuD), and Falah-i-Insaniat Foundation (FIF) as well as the groups,” the FATF report read, according to a report by news agency ANI.

“Pakistan should adequately identify, assess and understand its ML (Money Laundering) / TF (Terror Financing) risks including transnational risks and risks associated with terrorist groups operating in Pakistan such as Da’esh, AQ, JuD, FiF, LeT, JeM, HQN, and this should be used to implement a comprehensive and coordinated risk-based approach to combating ML and TF,” the report added.

The APG report, however, applauded Pakistan’s efforts to combat corruption.

The APG report also states that 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 disagreed with Pakistan’s self-assessment that it only faces “medium” category risks, saying that national regulators like the State Bank of Pakistan and the Securities and Exchange Commission of Pakistan – had very limited understating of money laundering and terror financing regimes.

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.

“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.

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 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.

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.

Blacklisting by FATF entails being downgraded by the International Monetary Fund, the World Bank and the Asian Development Bank and facing negative assessments from credit rating agencies such as Moody’s, Standard & Poor’s and Fitch.

India and other member countries of the FATF have charged Pakistan with failing to take concrete action against Hafiz Saeed, Masood Azhar and other UN-designated terrorists, pointing out that its anti-terror law still remains out of sync with standards set by the international body.

Pakistan contends it has done enough by seizing over 700 properties belonging to the Lashkar-e-Taiba, Jamaat-ud-Daawa, Falah-i-Insaniyat Foundation and the Jaish-e-Mohammed but India and other FATF members have pointed out that seizures do not necessarily indicate compliance.

Latest world news

Bigg Boss 14 contestant Rahul Vaidya struggles walking in knee deep water, compares Dubai rains with Mumbai floods

Singer and TV personality Rahul Vaidya was recently stranded in the Dubai rains.

Published

on

Rahul Vaidya, who was in Dubai ahead of his show which was scheduled to take place today, left the country due to heavy rains and reached Kolkata. The artist shared on social media his encounters in the UAE city, including challenges like walking through knee-deep water. Rahul provided an update regarding the heavy rainfall in Dubai on his Instagram profile.

The Bigg Boss 14 contestant revealed that he was in Kolkata and prepared to do an evening performance. Recalling the terrifying period he went through, Vaidya said there was a lot of confusion and panic in Dubai. The situation was similar to that when heavy floods hit Mumbai in 2005.

Vaiday also posted seval other images and videos of cars that were underwater and flooded roadways. The Bigg Boss 14 contestant, who shared his ordeal, claimed that even though it had just rained for two hours, the situation was dire.

In one of the video, which went viral he can be seen struggling in walking in knee-deep water. He can be also seen holding his sneakers in one hand and with other hand he was seen managing other things.

This is the result of the two hours of rain that it had, he can be heard saying in the video. Vidya also said he dosen’t believe Dubai is accustomed to a lot of rain. Everything had stopped working, he remarked.

After taking part in the first season of the singing reality show Indian Idol, Rahul Vaidya gained widespread recognition. In addition to Bigg Boss, he took part in Khatron Ke Khiladi 11.

Meanwhile, heavy rains that triggered flooding in the UAE and Bahrain, which left 18 people dead in Oman on Sunday and Monday, have paralyzed the financial hub of the Middle East, Dubai.

A lot of incoming flights were diverted from Dubai’s international airport because of the rain. At 7:26 p.m., the busiest airport in the world for foreign visitors stopped accepting new arrivals; a gradual resumption was announced for more than two hours later.

Images of planes navigating flooded tarmacs are making the rounds on social media.

According to pictures shared on social media, the flagship malls Dubai Mall and Mall of the Emirates both experienced heavy floods, while at least one Dubai Metro station had water up to the ankles.

There were several road collapses, severe flooding in residential areas, and numerous reports of leaks from windows, doors, and roofs.

Due to the unfavourable weather, schools around the United Arab Emirates were forced to close, and as more storms are predicted, the closures are anticipated to last until Wednesday. The government of Dubai allowed its staff to work remotely till this Wednesday.

Continue Reading

Latest world news

Dubai sky turns green during storm in UAE, video goes viral

The UAE witnessed record-breaking rainfall on Tuesday and the National Centre of Meteorology recorded 254 mm of rainfall in less than 24 hrs in the Khatm Al Shakla area in Al Ain.

Published

on

1 person was killed in UAE as it witnessed heavy rainfall on Tuesday, stranding commuters, flooding roads, disrupting trains and flights and resulting in water leakage from mall ceilings. The UAE witnessed record-breaking rainfall on Tuesday and the National Centre of Meteorology recorded 254 mm of rainfall in less than 24 hrs in the Khatm Al Shakla area in Al Ain. It is being said that the rainfall was the highest documented since the start of data collection in 1949.

The heavy rainfall in UAE came days after a similar situation in neighbouring Oman, where 13 people were killed in flash floods. Many parts of Oman saw torrential rains, which caused students to be trapped in buses and swept away motorists and trapped people in their homes.

Videos from Dubai circulating on social media showed widespread waterlogging on roads in Abu Dhabi, Dubai and other important cities. This left daily commuters in cars and other vehicles struggling to get back home. Dubai metro station too was seen flooded and closed.

One such video circulating on social media shows the aerial view of the city of Dubai from the top of a building. In the video the stormy winds are seen blowing over the city of Dubai. As the storm intensifies the Dubai sky turns green and ultimately gets covered by heavy rainfall. The video has gone viral on social media with more than 1.1 million views.

Another video showed water leakage from the ceilings of shopping malls, flooding the floors and destroying goods. A video which was shot in the famous Mall of the Emirates, showed pieces of ceiling falling as the rainwater gushed inside. Videos from many outlets of the Deira City Centre mall chain showed escalators being rendered unusable. Majid Al Futtaim, the company which owns the Mall of Emirates, said that the shopping complexes have been kept open and the customers are being sent away from the flooded areas. 

Continue Reading

India News

Sri Lankan Minister Douglas Devananda says statements on reclaiming Katchatheevu island from Sri Lanka have no ground

Devananda told the media on Thursday that it is not unusual to hear such claims and counterclaims about Katchatheevu as elections are taking place in India.

Published

on

Sri Lankan Minister Douglas Devananda has said the statements from some political leaders in India on reclaiming Katchatheevu from the island nation have no ground. He told the media on Thursday that it is not unusual to hear such claims and counterclaims about the strategic island as elections are taking place in India.

The Sri Lankan Minister said he thought India is acting on its interests to secure this place to ensure Sri Lankan fishermen would not have any access to that area and that Sri Lanka should not claim any rights in that resourceful area. According to the 1974 agreement, Devananda said Indian and Sri Lankan fishermen can go fishing in the territorial waters of both countries until the pact was reviewed and amended in 1976.

The amended agreement resulted in fishermen from both countries being barred from fishing in neighboring waters. India’s ministry of External Affairs (MEA) on Thursday steered clear of the row surrounding Katchatheevu island. To a volley of questions on the Katchatheevu issue, MEA spokesperson Randhir Jaiswal reffered to External affairs Minister S Jaishankar’s recent comments on the matter.

He said he would like to talk about the issue that has been raised. He added the External Affairs minister has spoken to the press here in Delhi and also in Gujarat and has clarified all the issues. He said everyone should look into the press engagements and they would find the answers to their questions there.

The remarks from Devananda, a Sri Lankan Tamil, came days after the Narendra Modi government accused the Congress and its ally DMK in Tamil Nadu of overlooking national interests by handing over Katchatheevu island to Sri Lanka in 1974. The BJP has also been slamming the 2 parties for not ensuring the rights of the fishermen wanting to fish in waters around the island.

Continue Reading

Trending

-->

© Copyright 2022 APNLIVE.com