Governments can finance critical action on extreme poverty, COVID-19 and the climate crisis and by recovering the billions of dollars lost through tax abuse, corruption and money-laundering, says a UN panel. The High-Level Panel on International Financial Accountability, Transparency and Integrity for Achieving the 2030 Agenda (FACTI Panel) is calling on governments to agree to […]
Prime Minister Imran Khan urges ‘haven’ Countries to return all stolen assets
February 25, 2021
ISLAMABAD, Pakistan: Prime Minister Imran Khan on Thursday asked the “haven” Countries to immediately and unconditionally return all foreign assets that are shown to be stolen or whose “legitimacy” cannot be explained.
While addressing the virtual launch event of the Final Report of the High-Level Panel on International Financial Accountability, Transparency and Integrity for achieving the 2030 Development Agenda, Imran Khan said that US$ 7 trillion in stolen assets are parked in the financial “haven” Countries.
Imran Khan said that the flight of these vast resources from the developing Countries is a principal cause of their under-development, poverty, inequality, and political.
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PM Imran Khan calls for concrete actions to stop illicit financial flows from developing countries
Pakistan
Thu, Feb 25, 2021
Prime Minister Imran Khan on Thursday stressed on the need for concrete actions so illicit financial flows from developing countries can be stopped.
He urged countries he termed havens to provide a commitment to immediately and unconditionally return all foreign assets that are shown to be stolen or whose legitimacy cannot be explained .
He also called for the development of international anti-money laundering legal instruments.
Addressing the virtually held launching ceremony of the Final Report of the High-Level Panel on International Financial Accountability, Transparency and Integrity for Achieving the 2030 Development Agenda as a keynote speaker, the prime minister said that when his government came into power the country s coffers were empty due to illicit financial outflows from our country .