UNITED NATIONS: Pakistan has called for “more coherent” collaboration at the national and the international levels to prevent and counter illicit financial flows (IFFs) the illegal movements of money or capital from one country to another.
“My Government’s firm resolve against corrupt practices calls for a more proactive role by our partners, in line with international legal instruments, including the United Nations Convention Against Corruption (UNCAC),” Ambassador Maleeha Lodhi told a high-level meeting on the growing problem of illicit financial flows that adversely affect economic progress, especially in the developing countries.
“It (IFFs) is a key contributory factor for the economic underperformance of developing countries and a major obstacle to poverty eradication,” the Pakistani envoy said.
According to the estimates of UN Office on Drugs and Crime (UNDOC), illicit financial flows, stemming only from criminal proceeds, amount to around 2.1 trillion dollars annually.
That, Ambassador Lodhi said, was almost equivalent to the annual financing gap of 2.5 trillion dollars faced by developing countries in investment in core sustainable development goals-related sectors.
Developing countries are disproportionally affected by the negative consequences of illicit financial flows, Ambassador Lodhi said, pointing to their lack of capacity and resources to prevent and counter these flows.
“Estimates of Pakistan’s stolen financial resources stashed abroad run into millions of dollars, for which we seek international cooperation to complement our intensified domestic efforts.”
Multinational companies using the resources of developing countries for profits should also contribute to their development, she said.
The Pakistani envoy also called for addressing loopholes that impede developing countries’ ability to combat illicit financial flows, as significant challenges and gaps remain.
These include lack of an agreed definition of IFFs; difficulties in reliable measurement of IFFs due to their disguised nature; increasing use of information and communication technologies and crypto-currencies by criminals; inadequate participation of developing countries in multilateral initiatives and their lack of capacity in combating IFFs.
Other major hurdles in efforts against IFFs include lack of sufficient political will and familiarity with procedural requirements, secrecy, different evidentiary standards, differences in legal procedures, and delays in responding to mutual legal assistance requests.
In conclusion, Ambassador Lodhi stressed the need for “more coherent collaboration, both at the national and the international level, to make more concerted efforts against illicit financial flows.”
Two policemen gunned down in Karachi’s Orangi Town
KARACHI: Two policemen were killed when unidentified assailants opened fire at them in Karachi’s Orangi Town today, rescue sources said.
The firing incident took place at around 8am when both the police personnel were on their way to report for duty. Four armed men on two motorbikes opened fire and killed the personnel.
Upon being informed of the incident, a police team reached the site and cordoned it off to collect evidence. The bodies were shifted to a nearby medical facility for medico legal formalities.
Funeral prayers of 2 policemen, martyred in early morning attack in Orangi Town, Mominabad area, offered in Garden Headquarters today. IG Sindh, Karachi Police Chief and other high officials of Rangers and Police, as well as Sindh govt representatives also attended prayers. pic.twitter.com/r9ay6ETSVT
— KPOmediaCell (@kpomediacell) June 17, 2019
The killed policemen, posted in Mominabad, were identified as Sepoy Allahdita and Sepoy Ahmed Ali.
Taking notice of the shooting incident, Additional Inspector General Amir Sheikh sought a report from the SSP West in this regard.
Police officer stabbed ahead of G20 summit in Japan
TOKYO: Japanese police Monday arrested a man suspected of stabbing a police officer in the chest and stealing his gun near Osaka, just days before world leaders fly into the city for a G20 summit.
The 33-year-old suspect, who denies the charges, was in possession of an ID document showing he was mentally disabled, an Osaka regional police detective said.
The police officer, 22, is still in a coma, the detective added. His gun was found later with one bullet missing.
The incident, a rare case of violent crime in Japan, hit national headlines due to the proximity of the attack to the G20, which will be held in the western city on June 28 and 29.
“We have not yet studied what impact this will have on the G20 security plan,” Takahisa Ishida, chief of the Osaka police, told local media.
US President Donald Trump, Russian President Vladimir Putin and Chinese President Xi Jinping will be among the leaders jetting in for the summit, with tens of thousands of aides in tow.
More than 25,000 police officers will reportedly be mobilised to provide security in Osaka during the summit meetings.
“We will do our best on security measures ahead of the G20 next week,” top government spokesman Yoshihide Suga told reporters Monday when asked about the incident.
A recent meeting of G20 finance ministers in the western city of Fukuoka was held under extremely high security, with areas around the meeting in total lockdown.
PFUJ condemns brutal murder of Hyderabad journalist Ilyas Warsi
KARACHI: Pakistan Federal Union of Journalists (PFUJ) President G.M. Jamali has strongly condemned the brutal murder of senior journalist Ilyas Warsi in Hyderabad here today.
Warsi, who was affiliated to the Sindhi daily Kawish newspaper, was found dead in his apartment adjacent to Al-Raheem Shopping Centre in Hyderabad.
According to a family source, Warsi had left for his home from Hyderabad Press Club at around 6 PM. Warsi’s son told the police that when he reached the apartment, it was locked from inside. He knocked at the door but there was no response upon which he called others and force opened the door where he found his father’s dead body.
“The journalist was murdered using an edge tool,” police said, adding that the killers and motive behind the murder remains unknown.
Warsi was former president of Hyderabad Press Club and had been affiliated with many national and international journalist unions.
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