Arabs pledge to fight money laundering, terrorism

DNE
DNE
1 Min Read

CAIRO: Arab governments are getting together to fight terrorism by trying to dry up its supply of money, joining forces to battle money laundering.

The agreement to control money laundering is one of five signed by Arab interior and justice ministers. It calls on nations to set up their own programs to generate information and monitor money transfers.

The ministers met at the Arab League headquarters Tuesday, All 22 members signed the accords.

Their statement did not name terrorist groups, but several Arab countries are targets of Al-Qaeda.

Other agreements deal with organized crime, technical data fraud, counterfeiting, and pornography and sexual exploitation.

They also signed an accord dealing with citizens of one nation who serve prison terms in other countries.

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