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August 2020
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66 players opt out of NFL season due to coronavirus pandemic        London Marathon to feature only elite runners, unique route        Rupee edges 4 paise lower to 74.98 against US dollar in early deals        Vodafone Idea shares plunge nearly 8 pc on Q1 loss        UN reports sharp increase in cybercrime during pandemic        Trump signs executive orders banning Chinese apps TikTok & Wechat        Trust for building mosque on five-acre land in Ayodhya in process of setting up office        Pak shells forward areas in Poonch        Centre releases Rs 890 cr as 2nd tranche of package for COVID-19 health system preparedness        17 killed as Air India Express flight overshoots runway in heavy rains in Kozhikode in Kerala; both pilots among the dead        Serum Institute to produce up to 100 mn COVID-19 vaccine doses for India, other countries        Asthma in Kids—Know it Better        India''s COVID-19 recovery rate rises to 67.62 pc; case fatality rate drops to 2.07 pc: Govt        Eight COVID-19 patients killed in fire at Ahmedabad hospital        Chemical stored in Chennai safe, to be e-auctioned: Customs        India hits out at China for attempting to raise Kashmir issue at UNSC        1298 fresh COVID-19 cases in Kerala, death toll climbs to 97        Heavy rains pound Kerala''s northern districts; river in spate        Sri Lanka election: Early results show Rajapaksa clan heading for landslide win        Vivo suspend IPL partnership for one year; may resume in 2021        
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International News
Pak team leaves for Bangkok to hold meeting with FATF on terror financing
 
Islamabad, Sept 8 (PTI) A-20 member team from Pakistan is set to hold a face-to-face meeting with the Financial Action Task Force (FATF) in Bangkok over the country's efforts to curb money laundering and terror-financing, a media report said on Sunday.

The Pakistani team that left on Sunday is led by Federal Minister for Economic Affairs Hammad Azhar and includes representatives of the Federal Investigation Agency, State Bank, Federal Board of Revenue, Securities and Exchange Commission of Pakistan, Anti Narcotics Force and intelligence agencies, the Express Tribune reported.

"Initial talks will be held with the FATF on Sunday and officially kick off from Monday," the report said.

The outcome of the talks, which would continue till September 13, would decide whether Pakistan's name stays on the grey list or would it be added to the black list, the report said, quoting a source from the finance ministry.

The FATF last year placed Pakistan on the grey list of countries whose domestic laws are considered weak to tackle the challenges of money laundering and terrorism financing.

The Paris-based global body is working to curb terrorism financing and money laundering and has asked Pakistan to reassess the operation of banned terrorist outfits in the country.

Talks will also be held on the matter of including Pakistan's name in the enhanced expedited list by the Asia-Pacific Group (APG).

The name being included in the list means that Pakistan would be required to submit follow-up reports to the APG on a quarterly basis, the report said.

"Replies to 125 questions of the APG had also been summoned in order to take Pakistan out of the list. It is being said that cross-questioning would also be held during the talks between the two sides. The sources said Pakistan's stance in the talks would be presented through the APG," the report said quoting sources.

Pakistan would also provide answers to 10 important questions related to curbing money laundering and terrorism financing.

Details of punishment handed over to those involved in terrorism financing had also been sought, the report said.


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