Published in September 24, 2020 18:19
The PM said about 1 trillion dollars are transferred annually through white collar crime.
ISLAMABAD (Dunya News) – Prime Minister Imran Khan said on Thursday that his government has given a mandate to eradicate corruption and financial crime from the country.
Speaking to the high-level panel on Financial Accountability, Transparency and Integrity (FACTI) on the sidelines of the United Nations General Assembly session taking place on Thursday, he said the international community must take steps to stop billions of dollars in money laundering. washed annually from underdeveloped countries.
The prime minister said that about 1 trillion dollars are transferred annually through white collar crime.
Imran Khan said authorities in heaven’s destination should impose criminal and financial penalties on those financial institutions that receive and use the money and assets, adding that corruption and bribery enablers, such as accountants, lawyers and other intermediaries, must be strictly regulated and monitored. and take responsibility. The beneficial ownership of foreign companies should be disclosed immediately after investigations by interested and affected governments, he said.
The prime minister said multinationals should not use shifting profits to low-tax jurisdictions to evade taxation. Global minimum corporate taxes can prevent this practice. He said revenue from digital transactions should be taxed where the revenue is generated, not elsewhere.
PM Khan went on to say that unequal investment agreements should be scrapped or revised and a fair system for investment dispute resolution established, adding that all official and non-official bodies set up to control and monitor illicit financial flows should include all interested parties. country. He said the United Nations should establish a mechanism to coordinate and oversee the work of the various official and non-official bodies that deal with illicit financial flows to ensure coherence, consistency and equality in their work.
He said the need for developing countries to protect and conserve their precious resources has become increasingly important due to the recession triggered by the COVID-19 pandemic. He said, unless these steps were taken, the difference between the rich and the poor would continue to grow.
Dr. Nancy Snow is Pax Mundi Professor (World Peace) of Public Diplomacy at the University of Foreign Studies in Kyoto. As heat rises in July in Japan, international impatience will also heat up above the national border of Japan. From the outside, there does not seem to be a rational plan to ease the travel ban. On July 1, Japan added 18 more countries to its ban, which now totals 129. It was first implemented on April 3, and in the past three months, the ban has placed foreign nationals holding a Japanese work visa in a COVID-19 waiting game, able to leave but unable to return. Basically, Japan’s travel ban model makes sense to prevent the arrival of new case. But the international grunts against the travel ban in Japan are not surprising, especially on the American side of the Pacific. The powerful lobby of the American Chamber of Commerce in Japan has appealed to Japan to emulate its allies from the Group of Seven and ease travel restrictions, without adding more countries to its blacklist. It is too expensive to close. Even if foreign tourists to Japan are the lowest priority under the travel ban, they will ultimately be welcomed. In 2019, foreign tourists spent a record 4.8 trillion yen ($ 45 billion) in Japan. Japan has tentatively announced easing restrictions for business travelers such as executives and engineers, but only in a few other Asian countries deemed safe. What is the reason why the Japanese government prioritizes foreign businessmen over foreign students? Are people in the corporate category less likely to be infected? It sends the wrong message to the world that Japan will offer white glove treatment to those who are most likely to be successful in recharging the Japanese economy. Those who don’t promote global trade, like mass tourists or international exchange students, must feel like passengers under the bridge, but they contribute to the economy if not more, with their enthusiasm for all of Japan . Their role as intercultural citizen ambassadors should not be taken lightly: the same day that Japan extended its travel ban from 18 countries, the EU lifted travel restrictions in 15 countries before the traditional holiday season summer. The Louvre, the world’s most visited museum, emerged from a four-month lockdown with a capacity of one-fifth on July 6. Visitors need masks and floor markers to keep everyone at a safe distance. The world is slowly welcoming foreign visitors. Louvre reopens after a four-month lockdown on July 6: Visitors need masks and markers on the ground to keep everyone at bay. © Sipa / APJapan should not consider the global community as a threat, only the coronavirus. The government of Japan needs to work with the scientific and public health sectors to develop a safety-focused plan that includes PCR testing, a 14-day auto-quarantine, and mandatory contact tracking apps for its movements. for a country to ask incoming visitors to sign a commitment to meet pandemic cultural norms and requirements within the country – masks and avoiding handshakes are among them. This is what respectful customers do when they are at someone else’s home. The reality for Japan is that it cannot afford to be closed for business, education or tourism for too long. Every country in the world knows this. The novel coronavirus is that uninvited guest who shows up and doesn’t leave when asked. Life goes on and the coronavirus goes hand in hand with varying rates of infection and mortality Since March 11, 2020, when the World Health Organization declared the coronavirus epidemic a pandemic, we have been living with what seems to be a global nightmare. It is reasonable that Japan is a model of slowing down with the reopening of its borders. But he also needs to keep his eyes on the prize – beating the virus, not the person. With proper guidance, personal accountability, and cluster tracing, he can reopen not only for business class, but also for leisure and leisure. ‘education. .