Tuesday, 21 May, 2019

U.S. effort to put Pakistan on FATF watchlist failed

Governance & Politics Governance & Politics
Patty Aguilar | 21 February, 2018, 05:34

A US-sponsored resolution to the FATF to consider placing Pakistan on the watchlist of countries that financially aid terrorism remained inconclusive after the meeting here concluded on "no consensus", the country's foreign minister said. Expressing gratitude at the decision, Asif said "our efforts paid [off]" and the convening states agreed to "proposing 3 months pause and asking APG for another report to be considered in June".

Asif, who is now on a visit to Russian Federation, tweeted late on Tuesday that Pakistan's "efforts have paid (off)" during a February 20 meeting on the US-led motion, suggesting there was "no consensus for nominating Pakistan". "Grateful to friends who helped", the minister added.

Of the FATF's 35 permanent members, only China supported Pakistan, while the rest were likely to fall behind the USA resolution, the sources said.

Reacting to the United States move, the Foreign Office said Pakistan has serious concerns regarding the American resolution.

Ahead of the Paris meeting, Pakistan called the USA move "politically motivated" with an aim to undermine the country's economic growth.

Sources said that of the 35 permanent members of the Financial Action Task Force, only China supports Pakistan whereas the rest are likely to fall behind the United States resolution.

Clear stand on body to review MPs' salary: Supreme Court tells Centre
Sinha sought a week to file a detailed response. "Why can't the EC play its constitutional role in deciding the matter", the bench said.

Kiwi brothers called into NZ Commonwealth Games beach volleyball squad
Injury has resulted in a relatively quiet competitive season, but they have been working hard to ensure they're in the best form. "I've just missed a few sessions here and there, just some colds which have interrupted things", she said.

John Stones provides insight into City dressing room after Wigan loss
Aguero met City officials to discuss the matter and review video footage which showed him raising his arm to push away a supporter.

"We are now working with the U.S., UK, Germany, and France for the nomination to be withdrawn", Ismail told Reuters.

Pakistan was added to the FATF watchlist from 2012 to 2015, notes Reuters.

She elaborated that the U.S. had been concerned about Pakistan's actions for a long time. Not only the cost of doing business would have increased, but the foreign investment could have dried up as well, worsening the country's macroeconomic position which is already under pressure due to a widening trade deficit and falling foreign exchange reserves.

If the FATF adopts the resolution, Pakistan could once again be placed on the grey list of countries with deficient anti-money laundering regimes.

Adviser to Prime Minister on Finance Dr Miftah Ismail has been in Paris to plead Pakistan's case at the ongoing session.

At present, the 11 jurisdictions are on the high risk and monitoring list of the FATF, which include North Korea, Iran, Iraq, Syria, Yemen and Ethiopia.

Recommended

  • Toymaker Mattel has revealed a new Lara Croft Barbie doll

    Toymaker Mattel has revealed a new Lara Croft Barbie doll

    However, by the looks of it some fans have got their hands on it already as videos of the unboxing have begun to circulate online. The franchise will focus on the adventurous side of Lara Croft over the sexy and seductive side once seen by Angelina Jolie .
    South Africa's Anderson holds nerve to win New York Open

    South Africa's Anderson holds nerve to win New York Open

    He also took time to thank his support staff and fans for their support during his run at the tournament. And Anderson expressed his joy on social media after the updated ATP rankings were announced on Monday.
    Telstra confirms Facetime, iMessage problems

    Telstra confirms Facetime, iMessage problems

    Oddly enough, this outage only seems to affect Apple's services, as everything else functions normally. One Twitter user, Nikolai Hampton, reported that Apple's servers were not reachable by Telstra .
  • Persistent bloating can be a sign of ovarian cancer, warns charity

    Persistent bloating can be a sign of ovarian cancer, warns charity

    They should be new (not normal for you), not go away and be frequent (usually happen more than 12 times a month). She said: "Before I was diagnosed I was experiencing all of the symptoms of ovarian cancer, including bloating".
    Apple employees keep walking into the glass walls of their new headquarters

    Apple employees keep walking into the glass walls of their new headquarters

    The building, crafted by famed architect Norman Foster, immortalised a vision that Apple co-founder Steve Jobs had years earlier. Jobs has been credited for coming up with the glass pods, created to mix solo office areas with more social spaces.
    Hurricanes' late run sinks Irish

    Hurricanes' late run sinks Irish

    Notre Dame was sizzling from the field in the second half, hitting 14 of its first 19 shots to take a 62-57 lead with 7:51 left. A dwindling number of games remaining doesn't offer the Irish a lot of chances to move up in the conference standings.
  • Trump again faults Obama over Russian election meddling

    Trump again faults Obama over Russian election meddling

    At the time, Trump was warning his base that the election was rigged in an apparent hedge against the likelihood he might lose. McMaster. "I completely believe that the Russians are capable of interfering in our elections and they probably do", he said .

    Gabelli Downgrades Teva Pharmaceutical Industries (NYSE:TEVA) to Hold

    Figuring out when to sell an underperforming stock may end up being just as important as figuring out which stocks to buy. The stock has actually grown in the past week, as the company has gathered a 12.31% return in the past 5 trading days.
    McMaster: Evidence of Russian meddling is 'now really incontrovertible'

    McMaster: Evidence of Russian meddling is 'now really incontrovertible'

    The indictment did not address the Russian government's role or hacks of the Clinton campaign and Democratic National Committee. He's also repeatedly cited personal assurances from Russian President Vladimir Putin in maintaining his skepticism.
  • Michigan State routs IL  to lock up share of Big Ten title

    Michigan State routs IL to lock up share of Big Ten title

    They were a mess in the first half in trailing by 27, but then dominated the second half while holding the Wildcats to 11 points. Still, it's a little concerning that the Spartans have scored 68 points or fewer in three of their last five games.
    Battlefield 1's Apocalypse expansion closes out the Premium Pass today

    Battlefield 1's Apocalypse expansion closes out the Premium Pass today

    The Apocalypse DLC is now available to all Premium Pass owners and will become available to all Battlefield 1 owners in two weeks. The Apocalypse expansion promises to teleport players to some of the most hellish and brutal battles of World War I.
    Sessions Calls For Review Of FBI, DOJ Processes After Florida Shooting

    Sessions Calls For Review Of FBI, DOJ Processes After Florida Shooting

    The FBI reportedly received several tips from concerned citizens about Cruz, but did not follow up. The president also praised the FBI's response to the shooting despite Florida Gov.

Arijit Singh never sang for Welcome To New York: Producer Vashu Bhagnani Arijit Singh never sang for Welcome To New York: Producer Vashu Bhagnani Interestingly, despite a special appearance in the film, Salman is calling the shots in Chakri Toleti's directorial venture. A song called 'Ishtehaar' that is part of Welcome To New York, has had Khan turning down Arijit Singh yet again.

Ridgewood Investments LLC Invests $268000 in Altria Group Inc (MO) Stock Janus Henderson Group PLC boosted its holdings in Altria Group by 21,647.0% during the 2nd quarter. (NYSE:MO) for 47,117 shares. The company reported $0.91 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $0.80 by $0.11.

Suspected North Korean Hacking Group Grows To Multinational Threat Suspected North Korean Hacking Group Grows To Multinational Threat The researchers added that they are highly confident that this "activity is carried out on behalf of the North Korean government". It "may have been an attempt by the North Korean government to gather information on a former business partner", the report said.

Northern Cross LLC Sells 672262 Shares of Barrick Gold Corp (ABX) Northern Cross LLC Sells 672262 Shares of Barrick Gold Corp (ABX) On Wednesday, June 29 the stock rating was reinitiated by JP Morgan with "Overweight". (NYSE:ENB) rating on Thursday, February 4. Barrick Gold Corporation's Average Earnings Estimate for the current quarter is $0.19, according to consensus of 13 analysts.

Arun Jaitley breaks silence on PNB scam, but contradicts Nirmala Sitharaman This ability over the past few years has faced challenges in increased bad debt or NPAs. Jaitley pointed out bank frauds have a cost to the country as well as to the tax payer.

Hexcel Congratulates Airbus on The First Delivery Of The A350 Hexcel Congratulates Airbus on The First Delivery Of The A350 Qatar is the top A350 customer with 76 on order, including 37 A350-1000s, which have a list price of $367mn. Al Baker claims it was the airline's belief in the A350-900 program that paved the way for the A350-1000.

Amit Shah to embark on coastal tour Amit Shah to embark on coastal tour It is this sort of an insensitive government that the people of Karnataka are ready to oust from the state, Shah stated. We are holding Navashakti conventions of BJP workers in all Assembly constituencies of the state.

Allow me to lead a life with my husband, appeals Hadiya Allow me to lead a life with my husband, appeals Hadiya Her father Asokan K M had alleged that her husband was merely a "stooge" in a "well-organised conversion machinery". The top court also ordered Hadiya's college dean to be her guardian after she requested for it.

Trump urges Republicans to preserve Pennsylvania gerrymandering that was ruled unconstitutional Trump urges Republicans to preserve Pennsylvania gerrymandering that was ruled unconstitutional Tom Wolf praised the court decision and said residents are "are sick and exhausted of gerrymandering". Republicans in the state have vowed to challenge the state Supreme court map in the court system.

De Kock, De Villiers & Du Plessis looking to Australia Tests De Kock, De Villiers & Du Plessis looking to Australia Tests Right handed batsman Bavuma is still recovering from a hand fractured suffered in the second Test against India on January 21. In other injury news in the SA camp‚ captain Faf du Plessis will start batting in the nets tomorrow (Wednesday).

Gold Coast beaches likely to stay closed Gold Coast beaches likely to stay closed Rock fishers should avoid coastal rock platforms exposed to the ocean and seek a safe location that is sheltered from the surf. Lifesavers rescued about 150 people across the weekend, including incidents where multiple people were pulled from the water.

Adobe Systems Incorporated (ADBE) EVP Sells 29404 Shares of Stock Public Employees Retirement System of OH boosted its stake in shares of Adobe Systems by 1.0% in the fourth quarter. Comerica Bancorporation, Michigan-based fund reported 191,868 shares. 19,533 are owned by Paloma Partners.

FBI Says It Failed to Pursue Warning on Florida School Shooter FBI Says It Failed to Pursue Warning on Florida School Shooter Former cadets told The Associated Press that Cruz was on the varsity marksmanship team that competed against other area schools. They all believe that we need to do a better job of receiving these signs and acting on them and following up on them better.

(NYSE:JPM) Whistle-Blowing Case Resulted in Record $30 Million Award The current share price indicates that stock is -2.28% away from its one year high and is moving 40.48% ahead of its 52-week low. In last 4 months performance of IDSA was 34.13% while its price to sale ratio is 0.35 and price to book ratio is 1.57.

Olympic women's hockey expanding from 8 to 10 teams in 2022 Less than a minute later, Terry again assisted as Wisniewski scored his goal on a power play to put America up 2-0. Ryan's two goals Tuesday gave him four for the tournament, matching Ted's total from Albertville.