Openness to global institutions to prevent money laundering

Admin Tue Jun 02, 2015 8:43 am

6/2/2015 0:00

BAGHDAD - Mostafa Hashemi

He saw economic researcher Firas Amer that money laundering and terrorist financing are when you transfer money physically despite the development of banking systems and means of payment reason to international and regional coordination to reduce the negative impact of this phenomenon in Alaguetsad.oadav in an interview for the "morning" that opening up to the financial organizations and institutions International and Arabic would help in the reduction of these processes that eat away at the national economy through the exchange of information and the use of modern techniques in the fight against money laundering, according to international standards.

He noted that the Financial Action Task Force for the Middle East and North Africa (MENA FATF) has sought since its inception to study the phenomena of money laundering and financing of terrorism and the development of solutions and treatments to reduce the spread of money and processes suspicious laundering through convened for workshops in several Arab countries.

It was presided over Iraq last year, the group represented by the Governor of the Central Bank d. Keywords Ali, who said in a speech that the group has achieved in 10 years of its founding tangible success at the regional and international levels resulting from the increase States and observers who Anzmwa to the group.

He noted that the Group has an employment contract partnership with similar groups in order to strengthen the capacity of all countries in order to assist them in the face of the crime of money laundering and financing of terrorism, which has become a transcontinental crime and affect political and social interests of the countries.

The Sultanate of Oman chairs the Group for the current year represented by Marwan bin Turki Al Said, director general of economic affairs at the Supreme Council for Planning and Chairman of the Technical Committee for combating money laundering and terrorist financing in the Sultanate.

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