12 Hrs
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شبكة شام الإخبارية
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Finance Ministry creates AML/CFT strategy group
The Syrian Ministry of Finance has issued a decision to establish a committee responsible for preparing and updating a comprehensive strategic plan to combat money laundering and terrorist financing. The goal is to enhance the effectiveness of the compliance framework with international standards and to improve Syria’s readiness for the Financial Action Task Force (FATF) assessment scheduled for mid-2027. The committee's responsibilities include unifying efforts among various stakeholders, setting priorities and responsibilities, and establishing measurable performance indicators, with the aim of moving from legislation to effective implementation and tangible results. Actions will include updating the institutional structure, particularly the creation of a financial integrity department, to ensure effective coordination, foster a transparent environment, and protect public funds—all of which support Syria’s efforts to remove its name from the grey list.
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