PAK-UK Agreement for Recovery Stolen Assets

NEWS LINE:-
ISLAMABAD:-
The governments of Pakistan and England signed an agreement for recovery of stolen assets and putting a check on money-laundering. Agreement was signed by British home secretary Sajid Javid and Pakistani Law minister Farogh Nasim. They titled the joint declaration as “UK-Pakistan Justice and Accountability Partnership”. Both the countries agreed to enhance cooperation to stop illicit financing.

After signing the declaration both the ministers announced it in a joint press conference. They said that accord would track corruption and also restart the bilateral prisoner transfer that was on a halt for last several years. Mr Farogh Nasim said that the terrorism has affected Pakistan most.

Sajid Javid said that he held a meeting with Prime Minister Imran Khan in a conducive environment. We agreed to strengthening bilateral relations and enhance cooperation I every field. The British Secretary said that the United Kingdom would ensure that no person could escape accountability. He also clarified that the initiative would be broad-based and was not meant to target individual cases only.

 

Set up a Special Envoy

The two sides will also expand cooperation in curbing corruption and a special envoy will head the new partnership. The Director of Economic Crime Unit will represent the British side, he added. Javid said: “The UK will also help Pakistan meet requirements of Financial Action Task Force.” The British home secretary said that both the countries have agreed to restart bilateral prisoners transfer agreement. He said the two sides also exchanged views on security and regional stability. Javed said the United Kingdom is funding projects to make Pakistan prosperous and safe.

We are also going to format a joint fund on civil recovery of stolen assets, Farogh Nasim added on occasion. We will appoint a prosecution service at the British High Commission, he added. He said, we also agreed upon to ensure capacity-building of Pakistani law enforcement officials with the assistance of United Kingdom.

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