Qatar, Syria Discuss Cooperation on Anti-Money Laundering and Terrorism Financing

Qatar’s National Anti-Money Laundering and Terrorism Financing Committee and Syria’s Central Authority for Control and Inspection discussed enhancing international cooperation, exchanging expertise and building capabilities. The discussions took place during a meeting between Mohammed Sari Al Kaabi, Secretary of the National Anti-Money Laundering and Terrorism Financing Committee, and Amer Al Ali, Chairman of Syria’s Central Authority for Control and Inspection, who is currently visiting the country.

The meeting addressed several matters related to strengthening the system for combating money laundering, terrorism financing and corruption. The two sides also discussed the distribution of roles and responsibilities among national authorities in preparation for the mutual evaluation, coordination requirements during its different stages, and the development of capabilities and training of national personnel to enhance the preparedness of the relevant authorities and the effectiveness of the anti-money laundering and counter-terrorism financing system.

The meeting discussed the Committee’s role in coordinating with the competent national authorities to develop and implement policies and activities for combating money laundering associated with corruption offences. The discussions covered mechanisms for cooperation with the Administrative Control and Transparency Authority in coordinating national efforts to implement the United Nations Convention against Corruption, as well as the National Strategy to Promote Integrity, Transparency and Prevent Corruption. The two sides emphasised the importance of these efforts and their vital role in preventing and combating financial crime, protecting the financial system, and strengthening integrity and transparency.

In the area of international cooperation, the two sides discussed the importance of exchanging expertise and benefiting from international experience and best practices in light of the Committee’s priorities and future plans. They also considered opportunities for future cooperation in training and capacity building. The meeting forms part of the National Anti-Money Laundering and Terrorism Financing Committee’s efforts to strengthen international coordination and cooperation, support countries belonging to the Middle East and North Africa Financial Action Task Force (MENAFATF) in preparing for the mutual evaluation stage, exchange expertise, and benefit from the State of Qatar’s experience in this field as a model to follow, thereby strengthening efforts to combat corruption and financial crime across the region.

Source: QNA

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