The Committee for Coordination, Review and Monitoring (CRMC) of United Nations Security Council Sanction Resolutions on Wednesday decided to launch a comprehensive and well-publicized outreach programme to sensitize all stakeholders about their obligations. The 4th meeting of the Committee for Coordination, Review and Monitoring (CRMC) of United Nations Security Council Sanction Resolutions was held here at Ministry of Foreign Affairs, Foreign Office Spokesperson Dr Mohammad Faisal said in a statement.

The meeting was chaired by Director General SECDIV Dr Zafar Ali and attended by designated ex-officio members from ministries of finance, commerce, maritime affairs, interior, law and justice, defense production and foreign affairs, Federal Board of Revenue, State Bank of Pakistan, Civil Aviation Authority, Securities and Exchange Commission of Pakistan, Board of Investment, Intelligence Agencies, Strategic Plans Division, Federal Investigation Agency, Federation of Pakistan Chamber of Commerce & Industry and Central Depository Company of Pakistan.

He said that the committee reviewed the status of implementation of UNSC resolutions on non-proliferation and discussed measures to further enhance inter-agency coordination for effective implementation of Targeted Financial Sanctions relating to non-proliferation.

The spokesperson said that the members apprised the committee of steps taken by respective departments and acknowledged the need for synchronization of efforts. The committee decided to launch a comprehensive and well-publicized outreach programme under the umbrella of CRMC to sensitize all stakeholders about their obligations including identification of beneficial owners and high-risk customers and entities.

He said that chair of the committee emphasized that CRMC will periodically review progress on measures taken by various departments towards further strengthening the CPF regime to mitigate potential risks and achieve a high standard of compliance.

Copyright Business Recorder, 2019