US to discuss terror funding with Pak on Jan 9
Karachi: A US Treasury delegation will call on senior Pakistani economic managers in Islamabad on January 09 to discuss money-laundering and terror funding issues
Pakistan’s Finance Ministry said the American delegation comprising about four to five officials would hold talks with Prime Minister Yousuf Raza Gilani, Finance Minister Dr Abdul Hafeez Shaikh and State Bank of Pakistan Governor Yaseen Anwar.
The meeting comes amid Pakistan being under fire on the issue of money-laundering and terrorists funding since the 9/11 terror attacks on the US, The Dawn reports.
Money-laundering is a punishable offence in Pakistan under the anti-money laundering ordinance promulgated in 2007, which prescribes a rigorous imprisonment term between one and 10 years and a fine of up to one million rupees and forfeiture of property.
The State Bank of Pakistan has also directed all exchange companies to adhere to the anti-money laundering regime by submitting suspicious transactions directly to the Financial Monitoring Unit.
More from India
More from World
More from Sports
More from Entertaiment
- DNA: Analysis of problems of unemployement in India
- DNA: Analysis of how car makers are playing with people's life
- DNA: Analysis of increasing trade of terror, laudanum and fake currency in Malda
- DNA: Analysis of increasing trade of terror, laudanum and fake currency in Malda- Part II
- DNA: A plane landed at -100 degree celsius to rescue a worker
- Brexit: Remain or Leave? Results could go down to the wire
- US Presidential Elections: Donald Trump will not ask donors to repay nearly $50 million in campaign loans
- 78 dead, 500 hurt by storms in eastern China
- Brexit poll: In or out? British bookmakers see more bets placed on Britain staying in European Union
- Day after 30 cows found dead, police chalks out plan to prevent smuggling