Arab ministers sign agreements to fight Money Laundering and Terrorist Financing

Arab governments are getting together with a view to fight terrorist financing by joining forces to struggle money laundering.

Arab interior and justice ministers signed 5 agreements. One of these documents is the agreement aimed to control money laundering. This pact calls on nations to set up their own programs for generating information and monitoring money transfers.

To sign the agreements, the ministers met at the Arab League headquarters on December 21. The accords were signed by all 22 members. While the statement did not name particular terrorist groups, several Arab countries are targets of al-Qaida.

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

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