AMMAN - Eighteen Arab countries opened a two-day conference in Jordan Monday to look into mechanisms for combating money laundering and the financing of terrorist activities.
The meeting of the Bahrain-based Arab Financial Group for Middle East and North Africa, is also attended by representatives for the United States, Britain, France, Spain, the World Bank, the International Monetary Fund (IMF), the UN Office on Drugs and Crime (UNODC) and the Gulf Cooperation Council (GCC) as observers.
Opening the conference, Jordanian Justice Minister Sharif Zoabi said that fighting fund laundering and financing of terrorism ‘wins added interest these days by supervisory authorities as well as regional and international bodies in view of the globalization of financial and banking operations and openness of markets’.
He pointed out that Jordan and other regional governments were intensifying their efforts in this respect through the enactment of necessary legislation for dealing with money laundering.
The Governor of the Central Bank of Jordan (CBJ), Umayya Toukan, who heads the Arab group, said the meeting would provide regional countries with ‘an opportunity to work together and exchange expertise over issues relating to money laundering and terrorism financing and to develop regional solutions for addressing them.’
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