NACTA SIGNS MoU WITH SECP TO COMBAT FINANCING OF TERRORISM

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NACTA and SECP signed a Memorandum of Understanding (MoU) here today on Tuesday, the 24th July, 2018 for increased collaboration on combating financing of terrorism. The MoU was signed by Dr. Muhammad Suleman Khan, National Co-Ordinator NACTA and Mr. Shaukat Hussain, Chairman SECP at the NACTA Head Quarters, Islamabad.

Speaking on the occasion, Dr. Muhammad Suleman Khan emphasized importance of the MoU in the context of peculiar international scenario and Pakistan’s inclusion in the grey list by FATF. He said that 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. He said that NACTA as the Coordinating Body for counter terrorism has always been eager to reach out to all organizations in order to reinforce the fight against terrorism. Through this MoU, NACTA and SECP aim at working together to create awareness about terrorist financing in the financial institutions and general public, undertake joint research initiatives and share information of mutual interest.

Mr. Shaukat Hussain, Chairman SECP expressed his pleasure on the signing of MoU with NACTA. He informed that 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 the implementation of the MoU. The Consultative Group will chalk out activities plan for the implementation of the MoU.

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