The Secretary General of the Gulf
Cooperation Council Dr. Abdullatif bin Rashid Al-Zayani participate in the Financial
Action Task Force (FATF) Ministerial Meeting, held on Friday, 12 April
2019, in Washington. The meeting was on the margins of the International
Monetary Fund and the World Bank meeting, with the participation of ministers,
and representatives of member states and international organizations competent
in this area, and international experts and specialists in monetary, finance, and
Combating Terrorist Financing.
During the meeting they discussed a
number of issues related to protecting the integrity of the international
financial system, means of countering Terrorist Financing, money laundering,
and weapons of Mass Destruction Proliferation, as well as a number of financial
reports on this regard. The Ministers praised the important role played by the
group and their keenness to support and develop its functions and roles.
The Group affirmed
in their communiqué their commitment to combat Terrorist Financing, money
laundering, and weapons of Mass Destruction Proliferation, as threats to
international security and the international financial system stability, and their
determination to pursue all sources, channels and technologies used in Terrorist
Financing, money laundering, and weapons of Mass Destruction Proliferation.
The communiqué
stated that the World is facing a difficult situation today, and the FATF will
work to meet the challenges and any challenges that the international community
will set, including
the UN Security Council and the G20, and would work to stop and prosecute criminals
and their criminal networks, including transnational crime, and prevent them from
exploiting the financial system in organizing crime and corruption.