Saudi Arabia’s Attorney General Sheikh Saud bin Abdullah Al-Mua\u2019jab said on Wednesday that money laundering and terror financing are at the \u201cforefront of global criminal phenomena,\u201d and often complemented each other.<\/p>\n
Sheikh Mua\u2019jab\u2019s remarks came as he attended the 1st Middle East and North Africa Conference on Countering Terrorism in Cairo on Wednesday.<\/p>\n
The conference is organized by the Egyptian Public Prosecution Office under the auspices of President Abdel Fatah al-Sisi with an aim to reinforce international efforts against the growing threat of terrorism funding and money laundering.<\/p>\n
He also affirmed that new forms of transnational terror funding and money laundering demanded greater cooperation between states and organizations.<\/p>\n
\u201cSaudi Arabia has spared no effort in combating these two crimes,\u201d Al-Mua\u2019jab said. \u201cOne of the most important steps the world has taken through its international and regional systems is to engage in initiatives and agreements to combat terrorism financing and money laundering as the artery of the criminal body that strikes the global economy,\u201d he added.<\/p>\n
\u201cSaudi Arabia is a key partner in the international coalition against the so-called [Islamic State] Daesh terrorist organization and leads, together with the US and Italy, the Counter Daesh Finance Group. It has also implemented laws and procedures aimed at combating money laundering and terrorist financing,\u201d he said.<\/p>\n
He said measures taken by the Kingdom included the 2017 \u201cLaw of Combating Crime and its Financing,\u201d regulation of charities and the establishment of a standing committee to investigate money laundering.<\/p>\n
The two-day conference is attended by Awqaf Minister Mohamed Mokhtar Gomaa, Solidarity Minister Ghada Wali, Investment Minister Sahar Nasr, Prosecutor General Nabil Sadek, and several ambassadors and representatives of 41 diplomatic missions in Cairo.<\/p>\n
Sadek stressed on the sidelines of his participation at the conference that it is necessary that the world countries cooperate to end terrorism funding and money laundering.<\/p>\n
Egypt Today<\/p>\n","protected":false},"excerpt":{"rendered":"
Saudi Arabia’s Attorney General Sheikh Saud bin Abdullah Al-Mua\u2019jab said on Wednesday that money laundering and terror financing are at the \u201cforefront of global criminal phenomena,\u201d and often complemented each other. Sheikh Mua\u2019jab\u2019s remarks came as he attended the 1st Middle East and North Africa Conference on Countering Terrorism in Cairo on Wednesday. The conference […]<\/p>\n","protected":false},"author":40,"featured_media":125630,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7863],"tags":[14717,2484,25382,40852,18129,8863],"class_list":["post-125629","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-english-section","tag-daesh","tag-egypt","tag-ghada-wali","tag-mohamed-mokhtar-gomaa","tag-nabil-sadek","tag-sahar-nasr"],"yoast_head":"\n