|Arabs Discuss Fight against Money Laundry in Qatar|
|Written by Prensa Latina|
|Tuesday, 15 May 2012 08:46|
Doha.-Ministers, experts and bank executives from 15 Arab and African countries have made a call to intensify the struggle against money laundry and funding terrorism, two major scourges in the region.
Some 45 ministers and finance officials, governors of central banks and units of financial information are attending a conference on May 14-16 in Qatar aimed at defining strategies to wipe out those crimes.
The meeting, sponsored by vice governor of the Central Bank of Qatar and head of the national committee against money laundry and funding of terrorism, Sheikh Fahad bin Faisal Al Thani, is attended by authorities from North Africa and the Middle East.
In fact, the participants are from the 15 member states of the so-called Middle East and North Africa Financial Action Task Force (FATF), urging for supporting a global mechanism to fight those crimes.
FATF plans to monitor press reports by members, discuss risks and challenges, as well as ways to overcome them, and establish a system with less crime and corruption regarding money laundry and funding terrorism.