The FATF statement comes in the backdrop of Indian authorities highlighting Pakistan's persistent support for terrorism and its funnelling of multilateral funds for arms procurement.
India will argue for Pakistan's return to the Financial Action Task Force (FATF) grey list due to its alleged failure to combat money laundering and terror financing. The move comes after recent tensions between the two countries following a terror attack in Pahalgam, India. India believes Pakistan has not adequately addressed the issue of terrorism emanating from its territory and has diverted funds from multilateral agencies towards arms purchases.
The five-day meeting, whose pre-plenary sessions began today, will provide a platform for high-level discussion and co-operation and would evaluate the progress by APG members in implementing the international standards to combat money laundering and the financing of terrorism, a statement said.
Pakistan has been on the grey list of the Paris-based Financial Action Task Force since June 2018 for failing to check money laundering, leading to terror financing, and was given a plan of action to complete it by October 2019.
Pakistan has improved its full compliance on only two of the 40 FATF recommendations, the APG report noted.
The world should remain clear that Pakistan must continue to take 'credible, verifiable and irreversible' action against terrorism, India said after anti-money laundering watchdog Financial Action Task Force (FATF) removed the neighbouring country from its 'grey list'.
The APG released its much-awaited 228-page 'Mutual Evaluation Report' on Saturday, 10 days ahead of the key Financial Action Task Force's plenary meeting which will give its decision on Pakistan's 'grey list' status.
The 14th Annual Meeting of the Asia Pacific Group on Money Laundering and Annual Technical Assistance Forum concluded in Kochi on Friday with a resolve to strengthen efforts in this direction.
On 11 effectiveness parameters of terror financing and money laundering, Pakistan was adjudged as low on 10.
Piramal, controlled by billionaire Ajay Piramal, and APG will invest in local infrastructure companies through rupee-denominated mezzanine instruments.
Significantly, for the first time, the FATF put Myanmar in the "high risk jurisdictions subject to a call for action", often referred to as the watchdog's black list.
To invest $1 bn in realty sector, mulls new funds; has done exits worth Rs 8,000 crore, says founder
Almost all the big mall developers/investors - such as Raheja-owned Inorbit Malls, Xander-APG joint venture Virtuous Retail South Asia (VRSA), property developer Prestige Estates Projects, and Blackstone-owned Nexus Malls - are looking to double their space in a year or two.
Pakistan has been scrambling in recent months to avoid being added to a list of countries deemed non-compliant with anti-money laundering and terrorist financing regulations.
Digital payments and financial services firm Paytm is likely to allocate shares at the upper price band of Rs 2,150 apiece on November 16 after market regulator SEBI's approval which is expected to come on Monday, sources aware of the development said. Earlier the allocation was expected to take place on Monday and the Paytm Money app also displayed the same.
India handed over a dossier to Pakistan to take action against the JeM, as pressure mounted on Islamabad to take action against individual and organisation listed by the UN Security Council as terrorists.
US-based Blackstone has bought malls such as AlphaOne Mall in Ahmedabad, Elante Mall in Chandigarh and Treasure Island Mall in Indore.
The five-day event, scheduled from July 18 to 22 at Kochi, Kerala, will be attended by Finance Minister Pranab Mukherjee, who will make the opening address on July 19, an official statement said.
Noting that the India-specific fighter on offer and its programme's size, scope and success will enable Indian industry to take advantage of unprecedented manufacturing, upgrade and sustainment opportunities well into the future, Lall said the platform will give Indian industry a unique opportunity to become a part of the world's largest fighter aircraft ecosystem.
According to Pakistan's National Counter Terrorism Authority (NACTA) list, which was updated on Tuesday, JuD and FIF were among 70 organisations proscribed by the ministry of Interior under the Anti-Terrorism Act 1997.
Mahindra and SCM Real Estate, the investment arm of Standard Chartered, would together invest Rs 1,000 crore (Rs 10 billion) in multiple projects and hold equal stakes in the JV to be called Watsonia Developers.
Both partners would inject $200 million each in the form of equity and hold 50 per cent stake each. They plan to raise another $600 million in the form of debt to create a corpus of $1 billion to develop malls across tier-I, II and III cities.
Ajay Piramal bets highly on infrastructure, realty
Given the depleting mass base of the regional Asom Gana Parishad led by former chief minister Prafulla Kumar Mahanta, a section of senior leaders of the party are waiting in the wings to join the Bharatiya Janata Party, which is gaining ground in Assam.
Bigger companies are signing equity JVs with global investors.
Welcome to the era of too many investors chasing a limited number of commercial real estate deals.
7.8 million square feet of mall space is under construction this year, the highest ever since 2011.
'Location is your primary sensitive data in today's time.' 'Location information is taken at a premium today because it can be sold and shared.' 'When we share our locations, the cyber security-aspect becomes very vulnerable.' 'If your identity and location is shared, then it is far easier for a criminal to target you for whatever purpose.'
Lockheed Martin's offer involves transferring the world's only F-16 production line from Fort Worth, Texas, to India. Thereafter, every F-16 built, and a large share of the spare parts and sub-systems for every F-16 flying across the globe would come from India.
While office and mall properties enjoyed revival and saw some big PE deals, residential real estate was hit by double whammy - stagnating prices and demonetisation
'The Senators were playing safe, not angering either the pro-India lobby or the pro-Pakistan lobby, but perhaps more importantly, the military-industrial complex -- the most powerful lobby of all -- which the majority of Senators are beholden to in terms of largesse to their campaign coffers.'
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