PM Urges Int’l community To Take Effective Measures to Curb money Laundering

Prime Minister Imran Khan has said that the international community should take effective measures on the issue of money laundering.

Addressing a panel discussion on the sidelines of the UN General Assembly, Prime Minister Imran Khan said that one trillion dollars are transferred through white-collar crime.

He said that the international community should take effective measures on the issue of money laundering, the United Nations should formulate a strategy to stop the money laundering while the money looted from poor and developing countries should be returned immediately.

Prime Minister Imran Khan @ImranKhanPTI speaking at the high- level launch of Panel on FACTI https://t.co/IUkQ8n3oBe

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— Pakistan Mission to the UN, NY 🇵🇰🇺🇳 (@PakistanUN_NY) September 24, 2020

He said that due to white-collar crimes, the gap between rich and poor will widen, increasing poverty in the world also threatens world peace, unfair distribution of capital is a major problem in the current global system.

The Prime Minister demanded that financial exploitation of poor countries should be stopped while relief in loans could be given to poor countries.

“Our government has the mandate to eradicate corruption. We need to invest more in housing, transport, water, infrastructure and health,” he said.

“The Ehsaas program is the biggest step in the history of the country to eradicate poverty. The coronavirus pandemic has led to a sharp decline in economic growth. Our government has taken steps to save the poor from the coronavirus pandemic and 1.5 crores distributed to the underprivileged families,” he said.

An earlier statement from the Prime Minister’s Office said that the FACTI panel had identified the shortcomings and contradictions in the existing international framework for tax cooperation, anti-corruption and anti-money laundering. An interim report will be submitted.

The program will provide a forum to discuss action on these challenges on a priority basis, especially in light of the impact of the Coronavirus crisis on progress towards the implementation of the 2030 Sustainable Development Agenda, the statement said.

The forum was set up to help address the lack of investment to implement the Sustainable Development Goals of Poverty Alleviation by 2030, and the 15-member panel was inaugurated by the UN General Assembly and the UN Economic and Social Council.