MIDDLE EAST MONEY LAUNDERING CONTROLS – CAIRO CONFERENCE
March 1st, 2006
BY PAUL COCHRANE, in Cairo
ARAB bankers called for multinational anti-money laundering (AML) regulations to take into account their region's family-orientated, cash-based business traditions and the need to agree on a common definition of terrorism.
"We need to define terrorism as we see it," said an Egyptian banker at Banking institutions at a US-MENA Private Sector Dialogue Conference on Combating Money Laundering and Terrorist Financing in Cairo. He was responding to US Treasury officials' calls to implement Financial Action Task Force (FATF) and ...
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