Gulf nations enhance anti-laundering efforts
The Secretary-General of the Gulf Cooperation Council, Jassim Mohamed Al-Budaiwi, confirmed that the member countries continue to develop their national capabilities to combat money laundering and terrorist financing, considering this effort essential for protecting financial systems and enhancing economic stability. He pointed out that the General Secretariat plays an important role in strengthening Gulf coordination through representing the member states in international working groups and monitoring relevant developments, all within the framework of the member countries' commitment to international standards. He explained that the purpose of the introductory workshop is to exchange knowledge and expertise and to achieve effective coordination among relevant authorities, ensuring that the countries are prepared to face challenges in combating money laundering and terrorist financing, thereby contributing to the protection of the economy and financial stability of the Gulf states.
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