ISLAMABAD: Pakistan may be at risk of being placed back on the international terror-financing watch list of the Financial Action Task Force (FATF).
FATF began its six-day plenary meeting in Paris on Sunday to discuss the safety and security of the global financial system.
The resolution to place Pakistan on FATF’s list is spearheaded by the US, with the support of Britain, France and Germany. The US has reportedly had concerns about the depth of Pakistan’s commitment to tackling money laundering and terror financing.
US-Pakistan relations hit a new low last year when Washington — unveiling its new strategy for Afghanistan — accused Pakistan of harboring and supporting terrorists.
Pakistani Foreign Minister Khawaja Mohammed Asif is currently visiting Moscow on a four-day tour, at the invitation of his Russian counterpart Sergey Lavrov.
Asif will likely raise Islamabad’s concerns about the FATF in an attempt to muster Russian support against the four countries leading the attempt to include Pakistan on the watch list.
Last year, FATF’s International Cooperation Review Group resolved to scrutinize Pakistan’s apparent support of proscribed groups operating on its soil and requested a report on the country’s efforts to combat terror financing ahead of the its next sessions. The global intergovernmental organization meets three times a year.
“This time (the effects) would be even greater because there are other pressures on Pakistan,” political commentator and retired Lt. Gen. Talat Masood told Arab News, speculating on what might happen should Pakistan be included on the watch list again.
“Pakistan’s balance-of-payment position is very adverse at the moment and internal stability is not good. It will have a greater impact than it had last time,” he continued, urging the government to take “appropriate measures” to combat the imminent danger of sanctions.
Pakistan spent five years on FATF’s watch list from 2010, before its compliance with international standards saw it removed from the list.
Masood said that if financial restrictions are imposed on Pakistan, it would be as a result of the country’s “foreign policy and internal situation,” which he said the government needs to review and revise to avoid risking Pakistan’s economic stability and further tainting the country’s international image.
Former diplomat Javed Hafiz, however, believes “it’s an institutional, not a policy, problem.”
Hafiz told Arab News, “It’s a pressure tactic to force Pakistan to do more than it’s already doing. It’s already in our national action plan not to allow banned organizations (or individuals) to operate, even under a new name, and to freeze their assets.”
Senior economist Dr. Syed Nazre Hyder described the potential impact of Pakistan’s inclusion on the watch list — should it happen — as “near lethal.” He pointed out that the cost to banks’ customers will rise, investors in the international capital market would request a much higher rate of return from Pakistan, and multilateral financing organizations would add risk premiums on any money borrowed.
Furthermore, financial experts fear the International Monetary Fund (IMF) may reject any loan extension Pakistan might request as a bailout to curb its widening trade deficit, or offer a new deal with stricter guidelines dictated by the US and the European Union.
“Pakistan will need a loan to pay off its debt burden,” Hyder told Arab News. “If it’s included on the list, the country will face a serious challenge sourcing funds for repayment leading to the possibility of default. This would cripple Pakistan economically.”
Dr. Ashfaq Hasan Khan, a former adviser to the Ministry of Finance, believes Pakistan’s inclusion on the FATF’s list may not have the expected impact, however.
“Pakistan has done a lot as far as anti-money laundering is concerned. It’s taken additional steps last week to further strengthen (that section of law),” said Khan, referring to the government’s seize, freeze, and control operation against Jamat-ud-Dawa (JuD) and its charity wing, the Falah-e-Insaniat Foundation (FIF).
Both JuD and FIF are linked to Hafiz Saeed, whom India accuses of masterminding the November 2008 attacks in Mumbai. Saeed has a $10 million bounty on his head.
Khan believes the impact on Pakistan’s relations with the international financial market would be insignificant. The FATF, he pointed out, “deals with terror financing and money laundering, against which we have taken action.”
Khan said the present government would not allow the US “to pull Pakistan’s strings financially.”
India has also lobbied for Pakistan’s inclusion on the FATF list. But Islamabad is banking heavily on support from China, Russia, Turkey, and members of the Gulf Cooperation Council.
Masood, for one, thinks Pakistan’s need for Chinese support is worrying.
“We are relying far too heavily on China. I don’t think even China likes that,” he said, adding that Pakistan needs to focus on internal stability before it can successfully resist international pressure, and that it should use its relationship with China to gain tangible benefits, rather than “frittering it away to counter negative pressure from the US, India and others.”
Pakistan could face financial sanctions from FATF, say analysts
Pakistan could face financial sanctions from FATF, say analysts
UK’s Met Police refers itself to watchdog over Al-Fayed probes
The complaints, referred to the Independent Office for Police Conduct (IOPC), involve investigations from 2008 and 2013.
They revolve around the quality of the police response and, in the case of the 2013 probe, how details came to be disclosed publicly.
“In recent weeks, two victims-survivors have come forward with concerns about how their allegations were handled when first reported, and it is only appropriate that the IOPC assess these complaints,” said Stephen Clayman, from the Met’s Specialist Crime team.
“Although we cannot change the past, we are resolute in our goal to offer every individual who contacts us the highest standard of service and support,” he added.
More than 400 women and witnesses have come forward in the past six weeks alleging sexual misconduct by Fayed, who died in August last year aged 94.
The allegations follow the airing of a BBC documentary in September that detailed multiple claims of rape and sexual assault by the former owner of the upmarket London department store.
The Justice for Harrods Survivors group said it had received 421 inquiries, mainly related to the store but also regarding Fulham football club, the Ritz Hotel in Paris and other Fayed entities.
The Met said Friday that it was “actively reviewing 21 allegations reported to the Metropolitan Police prior to Mohamed Al-Fayed’s passing... to determine if any additional investigative steps are available or there are things we could have done better.”
India’s Naga separatists threaten to resume violence after decades-long truce
- “The violent confrontation between India and Nagalim shall be purely on account of the deliberate betrayal and breach of commitment by India and its leadership to honor the letter and spirit of Framework Agreement of 2015,” he said
GUWAHATI, India: An armed separatist group in a remote northeast Indian state on Friday threatened to “resume violent armed resistance” after nearly three decades of ceasefire, accusing New Delhi of failing to honor promises in earlier agreements.
The Naga insurgency, India’s oldest, is aimed at creating a separate homeland of Nagalim that unites parts of India’s mountainous northeast with areas of neighboring Myanmar for ethnic Naga people. About 20,000 people have died in the conflict since it began in 1947.
A ceasefire between the National Socialist Council of Nagaland (Isak-Muivah), a leading separatist group, and Indian security forces has held since it was enforced in 1997 and the group signed an agreement with New Delhi in 2015 toward striking a resolution on their demands.
BACKGROUND
A ceasefire between the National Socialist Council of Nagaland (Isak-Muivah), a leading separatist group, and Indian security forces has held since it was enforced in 1997.
But talks have stagnated since and in a statement Friday, the group’s chief, Thuingaleng Muivah, accused India of “betrayal of the letter and spirit” of the 2015 agreement.
India’s Interior Ministry did not immediately respond to a request for comment on Muivah’s remarks.
In a statement, Muivah urged Prime Minister Narendra Modi’s federal government to “respect and honor” the 2015 agreement, which he said “officially recognized and acknowledged” the right to a sovereign flag and constitution for the separatists.
Muivah proposed a “third party intervention” to resolve the impasse, threatening that it would resume violence if “such a political initiative was rejected.”
“The violent confrontation between India and Nagalim shall be purely on account of the deliberate betrayal and breach of commitment by India and its leadership to honor the letter and spirit of Framework Agreement of 2015,” he said.
“India and its leadership shall be held responsible for the catastrophic and adverse situation that will arise out of the violent armed conflict between India and Nagalim,” he said.
Comoros arrests suspected key smuggler
- The International Organization for Migration said on Monday that at least 25 people died after the boat was “deliberately capsized by traffickers”
MORONI, Comoros: Police in the Comoros said on Friday they had arrested the alleged leader of a smuggling network involved in the capsizing of a migrant boat that claimed around two dozen lives.
The boat sank on a well-known smuggling route between the Comoros island of Anjouan and the French Indian Ocean archipelago of Mayotte on Nov. 1.
“The smuggling ringleader who owned the capsized boat was arrested on Thursday in Anjouan,” Col. Tachfine Ahmed said.
“He admitted that he owned the boat and bought all the material needed for the trip,” he added, saying the 37-year-old suspect was a resident of Mayotte.
The International Organization for Migration said on Monday that at least 25 people died after the boat was “deliberately capsized by traffickers.”
The Comoros police said they knew of 17 deaths.
Fishermen rescued five survivors who said the boat was carrying around 30 people, including women and young children, the IOM said.
A survivor said the smugglers sank the vessel before fleeing on a speedboat.
Police confirmed the survivor’s account, saying the two smugglers escaped.
“We are actively looking for the two smugglers who got on another boat,” the colonel added.
In addition to homicide charges, the arrested suspect faces up to 10 years imprisonment for belonging to an organized criminal group as well as three years for illegal transport of passengers.
Anjouan is one of three islands in the nation of Comoros, located around 70 km northwest of Mayotte, which became a department of France in 2011.
Despite being France’s poorest department, Mayotte has French infrastructure and welfare, which makes it attractive to migrants from Comoros seeking a better life.
Many pay smugglers to make the dangerous sea crossing in rickety fishing boats known as “kwassa-kwassa.”
UK court awards Manchester bomb victims £45,000 over hoax claims
- Martin Hibbert and his daughter Eve sued Richard Hall over claims made in videos and a book that they were “crisis actors“
- Judge Karen Steyn called Hall’s behavior “a negligent, indeed reckless, abuse of media freedom”
LONDON: Two survivors of the 2017 bomb attack at an Ariana Grande concert in Manchester, England, on Friday won £45,000 ($58,000) in damages from a former TV producer who claimed the attack was a hoax.
Martin Hibbert and his daughter Eve sued Richard Hall over claims made in videos and a book that they were “crisis actors” employed by the state as part of an elaborate deception.
Hibbert sustained a spinal cord injury in the attack, and his daughter suffered severe brain damage.
Hall argued that he was acting in the public interest by filming Hibbert’s daughter outside her home, but the High Court in London agreed with Hibbert’s claim for harassment.
Judge Karen Steyn called Hall’s behavior “a negligent, indeed reckless, abuse of media freedom” and on Friday ordered him to pay Hibbert and his daughter each £22,500 in damages.
Hall must also pay 90 percent of their legal costs, currently estimated at £260,000.
“The claimants are both vulnerable. The allegations are serious and distressing,” said the judge.
Jonathan Price, lawyer for the claimants, said that Hall “insisted that the terrorist attack in which the claimants were catastrophically injured did not happen and that the claimants were participants or ‘crisis actors’ in a state-orchestrated hoax, who had repeatedly, publicly and egregiously lied to the public for monetary gain.”
Hibbert welcomed the ruling, adding: “I want this case to open up the door for change, and for it to protect others from what we have been put through.
“It proves and has highlighted... that there is protection within the law, and it sends out a message to conspiracy theorists that you cannot ignore all acceptable evidence and harass innocent people.”
Islamic extremist Salman Abedi, aided by his brother, Hashem Abedi, killed 22 people and injured 1,017 during the suicide bombing at the end of the concert by the US singer.
US charges Iranian man in plot to kill Donald Trump
- Shakeri told the FBI he didn’t plan to propose a plan to murder Trump
- The plot reflects what federal officials have described as ongoing efforts by Iran to target US government officials
WASHINGTON: The Justice Department on Friday disclosed an Iranian murder-for-hire plot to kill Donald Trump, charging a man who said he had been tasked by a government official before this week’s election with assassinating the Republican president-elect.
Investigators learned of the plot to kill Trump while interviewing Farhad Shakeri, an Afghan national identified by officials as an Iranian government asset who was deported from the US after being imprisoned on robbery charges.
He told investigators that a contact in Iran’s paramilitary Revolutionary Guard instructed him this past September to put together a plan within seven days to surveil and ultimately kill Trump, according to a criminal complaint unsealed in federal court in Manhattan.
Two other men who the authorities say were recruited to participate in other assassinations, including a prominent Iranian American journalist, were also arrested Friday. Shakeri remains in Iran.
“There are few actors in the world that pose as grave a threat to the national security of the United States as does Iran,” Attorney General Merrick B. Garland said in a statement.
The plot, with the charges unsealed just days after Trump’s defeat of Democrat Kamala Harris, reflects what federal officials have described as ongoing efforts by Iran to target US government officials, including Trump, on US soil. Last summer, the Justice Department charged a Pakistani man with ties to Iran in a murder-for-hire plot.
