NACTA, SECP to increase collaboration on combating financing of terrorism

National Counter Terrorism Authority (NACTA) and Security Exchange Commission of Pakistan (SECP) on Tuesday agreed to increase collaboration on combating financing of terrorism.
In this regard, a Memorandum of Understanding (MoU) was inked by National Coordinator NACTA, Dr. Muhammad Suleman Khan and Chairman SECP, Shaukat Hussain here at NACTA Headquarters.
Addressing the signing ceremony, 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).
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.—APP

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