Syria to boost efforts on anti-money laundering
Syria, Local, 3/28/2006
Chairman of the Syrian Commission of Anti-Money Laundering and the Financing of Terrorism Adib Mayala said Monday that the Commission will participate as an observer in the 14th meetings of Egmont Group of Financial Intelligence Units (FIUs) due to be held in Limassol, Cyprus 14-16 June.
"Egmont Group, established in 1995, is a forum to boost joint cooperation and exchange information among financial intelligence units in the fields of uncovering and combating money laundering and terrorism financing," Mayala, also Governor of Central Bank of Syria, added in a statement.
He noted that the Syrian Commission has submitted an application to join Egmont Group which is under study now, adding that the Group's invitation to Syria to attend Limassol meetings is a positive indication in this direction.
"Syria's efforts in combating money laundering have been represented by several initiatives including the issuance of Legislative Decree No. 33 on anti-money laundering and the financing of terrorism and Syria's joining to the UN Agreement on Anti-Money Laundering and the Financing of Terrorism," Mayala said.
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