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Featured Businesses to follow unrealistic guidelines to escape FATF grey list

Mugen

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Unrealistic for those that are corrupt. They just want to go about their corrupt practises with the same relaxations they have had up till now.
 

CriticalThought

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This goes on to show the true face of the traitors ruling Pakistan. These are puppets whose strings are held by foreign masters.

This set of laws is draconian. The first thing that is wrong with them is that they aren't practiced anywhere else in the world. People buy gold, jewelry, property everywhere. Nowhere do they need to prove that they are not PEPs. I have myself bought pure, solid gold. There has never been any problem. Second, the expansive nature of who can declare someone a PEP. Why should Pakistani businessmen care if America declares someone a PEP? And third is the non-symmetric nature of these laws. No one in the world cares if Pakistan declares someone a PEP. Would American businesses take action in this case? The answer is a resounding no.

What is being done here is restricting the free flow of capital. This will force foreign investors to reconsider any investments. This will force local investors to reconsider. It will drive down economic growth. And the absolutely hilarious aspect is that it will affect that moron Imran Khan's house building initiative. All that new housing will first have to go through excruciating scrutiny. Good luck Imran Khan, building any meaningful number of houses.

But wait. Who will stop the wealthy, the powerful, the rich, the well connected? What are a bunch of laws to men of law mortal? Corruption will go on because the corrupt are making the laws, implementing the laws, and adjudicating based on the laws. What will now happen is that poor housewives who used to buy gold as a buffer against inflation will now be asked for proofs which they don't know how to provide. This pushes them to the mercy of tricksters or completely closes the door to effective investment for them. The days of saving every penny in hopes of a brighter future are over. Because the avenues of investment are guarded by thieves.

Down with Imran Khan and Bajwa, the guard dogs of Western masters!!!!!!!
 

Hareeb

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Those are pretty realistic reforms, and were need of the hour to curb corruption and tax theft.
If you look at the records, in Pakistan, the biggest source to turn black money into white is real estate sector. Why do you think investors kept on investing in real estate (especially in Karachi and Islamabad) rather than building factories in past two decades keeping in mind estates are long-term assets? If these guidelines are implemented properly, I think it would lower the much high prices of estate to realistic market value.
 

SQ8

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Pakistani people aka Bani Israel are never happy with anything so its just better to not include them in decision making making processes.

Those crying foul over businesses taking the heat are the same who happily use hawala or other unregulated practices to get their earnings.
Had such measures been implemented twenty years ago, they wouldn’t have to be this strict or draconian.
 

Nasr

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welcome to communism 2.0 in pakistan . we shall soon become a socialist hell hole soon under PMIK and these 'FATF BLACK LAWS'


every investor i know is either thinking of ' capital flight' or just sitting on cash .


tiger force aa kay chaley la business
FAFT is the product of zionist americans and those pathetic maggots in the east, as well as those p!glets (israel).
 

khanmubashir

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What is so unrealistic and unreasonable about this? When I bought my house, i went through a lengthy procedure and had to provide explanation where my money came from in UK. There is nothing here that is unheard of in other countries.
The business community of Pakistan r tax Dodgers
They would cry on any process of documentation and formalization of Economy

As this would bring em in tax net and also expose their black money

Fatf is actually blessing in disguise allowing gov to document these tax Dodgers making corruption a bit difficult if not more
 

khanmubashir

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What is so unrealistic and unreasonable about this? When I bought my house, i went through a lengthy procedure and had to provide explanation where my money came from in UK. There is nothing here that is unheard of in other countries.
The business community of Pakistan r tax Dodgers
They would cry on any process of documentation and formalization of Economy

As this would bring em in tax net and also expose their black money

Fatf is actually blessing in disguise allowing gov to document these tax Dodgers making corruption a bit difficult if not more
 

CriticalThought

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Pakistani people aka Bani Israel are never happy with anything so its just better to not include them in decision making making processes.

Those crying foul over businesses taking the heat are the same who happily use hawala or other unregulated practices to get their earnings.
Had such measures been implemented twenty years ago, they wouldn’t have to be this strict or draconian.
Are these measures implemented in America, Britain, and France?
 

insight-out

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Are these measures implemented in America, Britain, and France?
Whether similar laws exist in the US or Europe is irrelevant. In Pakistan, we need exceptionally stringent laws to control our exceptionally high levels of corruption.

The perceived disadvantages of these laws that you enumerated in your earlier post are hypothetical. Even if they are true, they would be insignificant compared to the benefits of a free, just, and predictable system, where businesses and investors would know what to expect without nasty surprises in the form of political interference, corruption charges, bribery, extortion, etc.
 

blueazure

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FAFT is the product of zionist americans and those pathetic maggots in the east, as well as those p!glets (israel).
india = hub of terror financing . money laundering centre

dubai /bahrain = offshore tax havens and black money paradise for GCC

BVI , Cayman islands , UK isle of man , City of london = all offshore tax havens

countless other examples



when will FATF put the above in grey list ?
 

CriticalThought

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Whether similar laws exist in the US or Europe is irrelevant. In Pakistan, we need exceptionally stringent laws to control our exceptionally high levels of corruption.

The perceived disadvantages of these laws that you enumerated in your earlier post are hypothetical. Even if they are true, they would be insignificant compared to the benefits of a free, just, and predictable system, where businesses and investors would know what to expect without nasty surprises in the form of political interference, corruption charges, bribery, extortion, etc.
Let me translate what is going on with these laws. I first entice your brother into a life of corruption by giving him access to easy money. Then I tarnish the name of your entire family as thieves and frauds. Then I impose severe restrictions on how you can perform transactions. And your children clap their hands 'Oh we are so corrupt, thank God they imposed restrictions on us!'. Now when I call people absolutely brainless, shitheaded morons I get warnings @WebMaster @Irfan Baloch

And then this guy has the temerity to tell me I am finding hypothetical problems with these laws. Hey @insight-out if you ever get access to the General Head Quarters where you can see all the posts by everyone, I invite you to read the one I wrote with a liberal use of the word 'Chutiya'.
 

Silverblaze

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Documentation of economy is a must. When you cannot justify your sources of income, your fault.

Know tons of professionals who are filthy rich but dont pay a dime in taxes and buy luxury items frequently.
 

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