Pakistan’s terror watchdog to target ‘dubious’ charities
Pakistan’s terror watchdog to target ‘dubious’ charities
The Financial Action Task Force (FATF), an international watchdog, has said it will place Pakistan on its “grey list” of countries with strategic weaknesses on terrorism financing and money laundering in June.
FATF extended a three-month reprieve to correct irregularities before strict financial restrictions were imposed.
Regulation of non-government and non-profit organizations is a key part of the watchdog’s demands.
Organizations that comply with PCP will be accepted on NACTA’s white list of legally compliant entities. “It (PCP) certifies and verifies NGOs/NPOs and ensures the entities use banking channels for funding and that credible third parties conduct audits of those organizations,” NACTA official Qaiser Ashfaq told Arab News.
He said the move would promote genuine charity and humanitarian assistance organizations in Pakistan and discourage public donations to dubious unregistered entities or individuals.
A delegation of FATF’s Asian Pacific Group is due to visit Pakistan in April to deliver a list of requirements for an action plan to counter money laundering and terror financing.
NACTA officials said that the financial watchdog has yet to provide recommendations or list weaknesses in Pakistan’s financial monitoring system. Most of FATF’s standards were met before the regulator held its plenary meeting in February, they said.
Last week, Interior Minister Ahsan Iqbal lashed out at the US over criticism of Pakistan’s alleged weaknesses. “Recent FATF action 2 put us in grey is in violation of process & politically motivated 2 pressurize Pakistan (to) follow Trump admin policies. Our successes against terrorism are recognized internationally,” he tweeted on Saturday.
Defense analyst and former air vice-marshal Shahzad Chaudhry told Arab News that Pakistan should think strategically before confronting the US on its demands.
“Political manipulation will always take place if there is cleavage available to exploit that weakness,” he said.
However, Pakistani officials said that FATF’s decision would have no impact on the country’s $300 billion economy.
NACTA is working with departments to monitor and regulate the flow of funds and to close loopholes exploited to launder money, including terror financing.
The watchdog’s national coordinator, Lt. Cdr. Ihsan Ghani, said a task force formed last July would improve coordination between 27 agencies in Pakistan.
As part of the global measures, travelers will have to complete financial declaration forms on departure and arrival in the country. Up to $10,000 is allowed per person on departure, with a yearly limit of $60,000.
Moon says Kim agreed to allow nuke inspections
- North Korean leader Kim Jong Un and South Korean President Moon Jae-in have started their second day of summit talks in Pyongyang over the nuclear standoff and other inter-Korean issues
- North Korean leader Kim Jong Un has greeted South Korean President Moon Jae-in upon his arrival in Pyongyang for their third summit this year to improve ties and help resolve the nuclear standoff
SEOUL: North Korea has agreed to “permanently” abolish its key missile facilities in the presence of foreign experts, and is willing to close its main nuclear complex if the United States takes reciprocal action, South Korea’s President Moon Jae-in said on Wednesday.
Speaking at a joint news conference following their summit talks in Pyongyang, Moon and North Korean leader Kim Jong Un said they agreed to turn the Korean peninsula into a “land of peace without nuclear weapons and nuclear threats.”
Kim said he will visit Seoul in the near future, in what would be the first-ever visit to the South’s capital by a North Korean leader.
The latest summit will be a litmus test for stalled negotiations on the North’s nuclear program between Pyongyang and Washington, and for another meeting Kim recently proposed to US President Donald Trump following their historic encounter in June in Singapore.
Moon was seeking to engineer a proposal that combines a framework for the North’s denuclearization and a joint declaration ending the 1950-53 Korean War.
Kim pledged to work toward the “complete denuclearization of the Korean peninsula” during his first encounter with Moon, and at his summit with Trump in June.
But discussions over how to implement the vague commitments have since faltered, with Washington demanding concrete action toward denuclearization by North Korea before agreeing to a key goal of Pyongyang — declaring an end to the war.
North Korea has given no indication it is willing to give up its nuclear arsenal unilaterally and is seeking relief from crippling international sanctions.
North Korea has offered to stop nuclear and missile tests but did not allowed international inspections for a dismantlemnt of its only known nuclear site in May, drawing criticism that its action could not be verified and could be easily reversed.
US State Department spokeswoman Heather Nauert told a news briefing on Tuesday that Washington hoped the latest inter-Korean summit would bring about “meaningful, verifiable steps toward the denuclearization of North Korea” and called it a “historic opportunity” for Kim to follow through on commitments he made with Trump.
Later on Wednesday, Moon’s delegation will tour the Mansudae Art Studio, the North’s largest producer of art where state artists build statues and produce propaganda at a sprawling complex in Pyongyang.
The institution was sanctioned by the UN Security Council last year as part of global efforts to rein in Pyongyang’s nuclear and missile programs by drying up its revenue sources.
Moon is also scheduled to watch the North’s signature “Brilliant Fatherland” Mass Game which was reintroduced this year following a five-year hiatus, with a formation of glowing drones, lasers and stadium-sized gymnastics shows designed to glorify the country.
The United States is pressing countries to strictly observe international sanctions, which will likely be a key theme when Secretary of State Mike Pompeo hosts a Security Council meeting on North Korea on Sept. 27 on the sidelines of the annual UN General Assembly.
This week’s summit is intended to craft concrete steps to implement the Panmunjom Declaration, named after the border village where they first met, Seoul officials said.
The two Koreas also adopted a separate military accord aimed at preventing armed clashes between the old foes, which are technically still at war because the Korean War ended with a truce, not a peace treaty.
The neighbors have already agreed to withdraw some guard posts and equipment, in a bid to transform the world’s most heavily fortified border into a no-weapons area.
Pyongyang says it has destroyed its main nuclear and missile engine test site, and has halted atomic and ballistic missile tests, but US officials and analysts believe it is continuing to work on its weapons plans clandestinely.
South Korea is pinning high hopes on Kim’s remarks to Moon’s special envoys earlier this month that he wanted to achieve denuclearization within Trump’s first term in office ending in early 2021. Kim at the same time also stressed Washington must reciprocate his initial “goodwill” gestures.
“While Moon has expressed his desire to agree on a concrete plan on denuclearization, we believe that the two nations still differ on this concept,” said Anwita Basu, an analyst at the Economist Intelligence Unit.
In previous, failed talks, North Korea has said it could consider giving up its nuclear program if the United States provided security guarantees by removing troops from South Korea and withdrawing its so-called nuclear umbrella of deterrence from the South and Japan.
US officials involved in the latest negotiations have said North Korea has refused to even start discussions about defining denuclearization. (Reporting by Hyonhee Shin, Joyce Lee and Soyoung Kim; additional reporting by David Brunnstrom in Washington; Editing by Soyoung Kim and Lincoln Feast.)