Britain's May to hold parliamentary Brexit vote on Jan. 15

Britain's battle over Brexit resumes on January 7, 2019 when parliament returns from its Christmas break to debate and -- most likely -- defeat Prime Minister Theresa May's unpopular EU divorce deal. (AFP)
Updated 07 January 2019

Britain's May to hold parliamentary Brexit vote on Jan. 15

  • May was forced to pull the vote on her deal in December after she said it would be defeated by a large majority
  • May said on Sunday that Britain would be in uncharted territory if her Brexit deal is rejected by parliament

LONDON: Prime Minister Theresa May will hold a delayed parliamentary vote on her Brexit deal on Tuesday, January 15, the BBC reported on Monday, citing government sources.
May was forced to pull the vote on her deal in December after she said it would be defeated by a large majority. The government had previously said the vote would be held in the week of January 14.
May said on Sunday that Britain would be in uncharted territory if her Brexit deal is rejected by parliament, despite little sign that she has won over sceptical lawmakers.


Pakistan avoids terror financing blacklist for now

Updated 42 min 29 sec ago

Pakistan avoids terror financing blacklist for now

  • Pakistan’s government hailed the FATF’s decision, which offers a reprieve to Prime Minister Imran Khan as he works to shore up his country’s faltering economy and attract foreign investment and loans
  • The agency’s assessment expresses “serious concerns with the overall lack of progress by Pakistan” to stop terrorism financing

PARIS: An international monitoring agency has given Pakistan four months to prove it is fighting terrorism financing and money laundering — or it could be put on a damaging global blacklist.
The Financial Action Task Force also threatened Iran, which is already blacklisted, with even tougher restrictions on its international financial activity.
Pakistan’s government on Friday hailed the FATF’s decision, which offers a reprieve to Prime Minister Imran Khan as he works to shore up his country’s faltering economy and attract foreign investment and loans.
“Thank God, we have been successful,” Pakistan’s foreign minister, Shah Mahmood Qureshi, told The Associated Press.
But the agency’s assessment remained grim, expressing “serious concerns with the overall lack of progress by Pakistan” to stop terrorism financing.
In a statement after meetings this week at its Paris headquarters, the FATF said Pakistan has addressed only five of 27 measures required to avoid being blacklisted.
If Pakistan doesn’t act by February, FATF president Xiangmin Lui said the agency could put the country on its blacklist, which currently includes only Iran and North Korea.
Experts say the move means every international financial transaction with Pakistan will be closely scrutinized and doing business in Pakistan will become costly and cumbersome. International agencies could place restrictions on lending money to Pakistan, including key creditors such as the International Monetary Fund, the Asian Development Bank and the World Bank.
“Pakistan has not done enough,” Xiangmin told a news conference.
Pakistan should do more to track money transfers and investigate and prosecute terrorism financiers, among other steps, the FATF said.
Qureshi insisted that Pakistan has “taken maximum steps against terror financing.”
“We will continue to take all the required steps, and all conspiracies against us have failed,” he told The AP.
Meanwhile, the watchdog expressed “disappointment” that Iran isn’t taking the necessary steps to be removed from the blacklist, and said it’s asking all member countries to tighten scrutiny of any financial transactions involving Iran.
Virtual currencies such as bitcoin and Facebook’s Libra are also prompting concern from the FATF, which warned of “new risks” from such products. It said they’re being “closely monitored” to ensure they’re not used to finance terrorism or launder money.