Abb Takk News

NACTA, SECP Signs MOU Against Terrorism Financing

Islambad(July 24, 2018): National Counter Terrorism Authority (NACTA) and Security Exchange Commission of Pakistan (SECP)  has agreed to increase collaboration on combating financing of terrorism on Tuesday.

A Memorandum of Understanding (MoU) was inked by National Coordinator NACTA, Dr. Muhammad Suleman Khan and Chairman SECP, Shaukat Hussain here at NACTA Headquarters .Dr. Muhammad Suleman emphasized importance of the MoU in context of peculiar international scenario and Pakistan’s inclusion in grey list by Financial Action Task Force (FATF)Addressing the signing ceremony.

He said this is a step forward towards better coordination between NACTA and SECP and expressed the hope that it would be mutually beneficial to both the organizations in combating terrorist financing.Dr. Suleman said NACTA as Coordinating Body for counter terrorism has always been eager to reach out all organizations
in order to reinforce fight against terrorism.

Through this MoU, NACTA and SECP aim at working together to create awareness about terrorist financing in financial institutions and general public, undertake joint research initiatives and share information of mutual interest.

Expressing his pleasure on signing of MoU, Chairman SECP said other joint ventures are also in the offing including Guidelines for Charitable Organizations and NPO’s on prevention of money laundering and terrorist financing.

It was also agreed that a Joint Consultative Group will be created by NACTA and SECP for implementation of the MoU.

The Consultative Group will chalk out activities plan for implementation of the MoU.

Related News:

Caretaker Govt, NACTA Came Under Strong Criticism in Senate

GE 2018: CEC Discusses Security Matters With NACTA Officials