Iraq participates in the conference to combat money laundering and terrorist financi
Iraq participates in the conference to combat money laundering and terrorist financing
Views 27 Date 05/08/2016 - 13:00
BAGHDAD / Economy News ...
Iraq participated in the third meeting of the twenty-year work of the Financial Action Task Force for the Middle East and North Africa in order to combat money laundering and terrorist financing, which recently concluded in Doha.
In the framework of the applications the general meeting approved the adoption of the draft new applications around the «money laundering through electronic means» and urged Member States to cooperate fully to accomplish by participating in the working group and in all phases of the project.
It is expected that work on the project begins this month and lasts for a year, Saudi Arabia, Oman and lead the project in partnership with a number of Member States.
The Qatari Minister of Finance Ali Shareef Al Emadi, in a speech during the opening event on Qatar's commitment to support the group and international efforts in the fight against money laundering and terrorist financing - he said -.
He called for promoting the principles of fairness and transparency, adding: as being a specialized training center for processing in the field of combating money laundering and terrorist financing will have a major role in raising awareness and raise the professional and practical level for all workers in this field locally and regionally
In turn, the President of the FATF (FATF), Ji-Yoon Shin, speech in which he referred to the basic components of the strategy FATF to combat the financing of terrorism, calling for a strengthened constantly, and stressing the need to apply group standards, and stressed that the mutual evaluation is an opportunity to benefit from the experiences of countries under evaluation.
And it participated in the general meeting of a large number of acts of anti-money laundering and terrorist financing of seventeen Arab countries members of the group of experts, including Iraq.
Also attended by representatives of several points of control states with the Group (the French Republic, the United Kingdom, and the United States of America, and the International Monetary Fund, the World Bank, and the Cooperation Council for the Arab Gulf States, and the Financial Action Task Force (FATF), and the United Nations (UN), and a group Egmont, and the Arab Monetary Fund, and the Eurasian FATF).