• About Us
  • Contact Us
  • Home
  • Privacy Policy
  • Terms and conditions
Monday, March 1, 2021
Kashmir Bylines
  • Home
  • News
  • Politics
  • Literature
  • In Depth
  • Opinion
  • World
  • Login
  • Register
No Result
View All Result
  • Home
  • News
  • Politics
  • Literature
  • In Depth
  • Opinion
  • World
No Result
View All Result
Kashmir Bylines
No Result
View All Result
Home News

Saudi Arabia voted against Pakistan in FATF assessment? No, it’s FAKE NEWS

News Desk by News Desk
October 22, 2020 | 7:24 pm
in News, World
Saudi Arabia voted against Pakistan in FATF assessment? No, it’s FAKE NEWS

Pakistan has rejected the reports suggesting that Saudi Arabia has voted against the country in the Financial Action Task Force (FATF) action plan, reported Dawn.

The Foreign Office spokesperson “categorically rejected the story circulating on a segment of the media as false and baseless”, said a press release.

Earlier in the day, Azhar Mashwani, Punjab chief minister’s focal person for digital media, tweeted that reports of Saudi Arabia voting against Pakistan in FATF were fake and that the Ministry of Foreign Affairs would issue a statement on this.

“Pakistan and Saudi Arabia enjoy strong fraternal ties and the two countries have always cooperated with each other on all matters of bilateral, regional and international importance,” said the statement by the spokesperson.

“Pakistan greatly values its relations with the brotherly Saudi Arabia and firmly rejects such malicious propaganda,” the spokesperson said.

Pakistan’s Ministry of Information and Broadcasting also refuted the claims about Saudia Arabia’s alleged action through its official Twitter handle.

Pakistan and Saudi Arabia enjoy strong fraternal ties and the two countries have always cooperated with each other on all matters of bilateral, regional and international importance. #FATF @ForeignOfficePk

— FakeNewsBusterMoIB (@FakeNews_Buster) October 22, 2020

A virtual meeting of the FATF, from Oct 21-23, will decide if Pakistan should be excluded from its grey list, based on a review of the country’s performance to meet global commitments and standards on the fight against money laundering and terror financing (ML&TF).

The FATF plenary was earlier scheduled in June but Pakistan got an unexpected breather after the global watchdog against financial crimes temporarily postponed all mutual evaluations and follow-up deadlines in the wake of grave health risk following COVID-19 pandemic. The Paris-based agency also put a general pause in the review process, thus giving additional four months to Pakistan to meet the requirements.

The plenary had formally placed Pakistan in the grey list in June 2018 due to ‘strategic deficiencies’ in its AML/CFT regime after a push from India supported by the US, the UK and some European countries.

The FATF will examine if the country had demonstrated remedial actions and sanctions applied in cases of AML/CFT violations, relating to terrorist financing (TF) risk management and TFS (terror financing sanctions) obligations.

The FATF will also judge if competent authorities were cooperating and taking action to identify and taking enforcement action against illegal money or value transfer services (MVTS) and had proven implementation of cross-border currency and bearer negotiable instruments (BNI) controls at all ports of entry, including applying effective, proportionate and dissuasive sanctions.

Pakistan has also to determine if law enforcement agencies (LEAs) were identifying and investigating the widest range of terror financing activity and that TF investigations and prosecution target designated persons and entities, and those acting on behalf or at the direction of the designated persons or entities besides showing TF prosecutions result in effective, proportionate and dissuasive sanctions.

Share on:

  • Click to share on Twitter (Opens in new window)
  • Click to share on Facebook (Opens in new window)
  • Click to share on Telegram (Opens in new window)
  • Click to share on WhatsApp (Opens in new window)

Related Posts

Bird flu confirmed among poultry in Kashmir

by News Desk
February 27, 2021
0
Amid bird flu scare, government bans import of poultry into J&K
News

Baramulla: After crows, the first case of Avian Influenza, commonly...

Read more

Cash looted from Gurdwara in North Kashmir’s Bandipora

by News Desk
February 27, 2021
0
Cash looted from Gurdwara in North Kashmir’s Bandipora
News

Bandipora: Burglars struck into a gurdwara in Nowpora area of...

Read more

202 kg poppy straw recovered from cowshed in Pulwama: Police

by News Desk
February 26, 2021
0
202 kg poppy straw recovered from cowshed in Pulwama: Police
News

Pulwama: The Jammu and Kashmir Police on Friday claimed to...

Read more

Wheelchair using deaf-mute girl scores over 90 per cent marks in Class 10

by News Desk
February 26, 2021
0
Wheelchair using deaf-mute girl scores over 90 per cent marks in Class 10
News

Anantnag: In a world where even healthy people find excuses...

Read more

Budgam girl student attempts suicide after failing in Class 10 exams

by News Desk
February 26, 2021
0
Union Home Ministry orders deployment of 49 more CRPF battalions in J&K
News

Budgam: After failing to clear the Secondary School Examination (Class...

Read more

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

ADVERTISEMENT
Facebook Twitter Instagram Telegram Youtube

About us

Kashmir Bylines is an online media venture based in Kashmir. We aim to bring you news and views about politics, history, education and culture from the valley and beyond. We aspire to create an alternative space in media by making daily news a running commentary while carrying detailed views, analysis, opinions and reviews as well. With readers’ preferences shifting from print to digital modes, we opt to make your choice our own and be with you on your journey of awareness.

More:

  • About Us
  • Privacy Policy
  • Contact Us
  • Terms and conditions

All contents © 2020-2021 Kashmir Bylines All rights reserved.

No Result
View All Result
  • Home
  • News
  • Politics
  • Literature
  • In Depth
  • Opinion
  • World

All contents © 2020-2021 Kashmir Bylines All rights reserved.

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In