22 Hrs
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المدينة
GCC: Focus on Money Laundering Fight
The article discusses the efforts of the Gulf Cooperation Council countries in enhancing their capabilities to combat money laundering and terrorist financing. The Secretary-General of the Council emphasized the importance of developing regulatory and institutional tools in line with international standards. He explained that combating these crimes is essential for protecting economic stability and the financial system. He praised the role of the General Secretariat in coordinating among the participating countries and contributing to the Financial Action Task Force (FATF) and MENAFATF. He also noted that the workshop's convening is part of preparations for the fifth round of FATF evaluations, aimed at unifying understanding and strengthening Gulf cooperation to address the economic and security challenges related to terrorist financing and money laundering.
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