Global money laundering - CathNews New Zealand https://cathnews.co.nz Catholic News New Zealand Mon, 31 Oct 2022 05:52:53 +0000 en-NZ hourly 1 https://wordpress.org/?v=6.7.1 https://cathnews.co.nz/wp-content/uploads/2020/05/cropped-cathnewsfavicon-32x32.jpg Global money laundering - CathNews New Zealand https://cathnews.co.nz 32 32 70145804 Church welcomes Pakistan's removal from money watch list https://cathnews.co.nz/2022/10/31/church-welcomes-pakistans-removal-from-money-watch-list/ Mon, 31 Oct 2022 06:50:39 +0000 https://cathnews.co.nz/?p=153517 Church leaders expressed happiness as Pakistan was taken off a global money laundering watchlist. A move they hope will ease the financial crunch in the development and relief sector of the beleaguered nation. In an interfaith press conference held on 24 October, Sebastian Shaw of Lahore congratulated the whole nation. He hoped the development would help Read more

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Church leaders expressed happiness as Pakistan was taken off a global money laundering watchlist. A move they hope will ease the financial crunch in the development and relief sector of the beleaguered nation.

In an interfaith press conference held on 24 October, Sebastian Shaw of Lahore congratulated the whole nation. He hoped the development would help steer the country out of the multiple crises it was facing.

"It's a fruit of our coordination with leaders of different faiths in addressing the hate and extremism at ground level. It's a combined effort," Archbishop Shaw said.

The Financial Action Task Force (FATF), an international money-laundering watchdog, had put Pakistan on its so-called grey list in June 2018, after Islamabad failed to implement policies aimed at stamping out money laundering and the financing of international terror groups.

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Church welcomes Pakistan's removal from money watch list]]>
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