Middle East Prepares To Unveil Regional Money Laundering Task Force
The Middle East and North Africa Financial Action Task Force (MENAFATF) is
to hold its inaugural meeting in Bahrain next Monday, it emerged this week. The new body, which has been formed under the auspices of the Organisation
for Economic Cooperation and Development (OECD), will seek to combat money laundering
and terrorist financing activities in the region, in line with the wider international
campaign being led by the OECD's Financial Action Task Force (FATF). Speaking to Gulf News on Monday, Sheikh Ebrahim Bin Khalifa Al Khalifa, undersecretary
of Bahrain's Ministry of Finance and National Economy, revealed that the two
day meeting is set to be attended by finance ministers from 18 Middle Eastern
and North African countries. The president, vice-president and executive secretary of the regional task
force are expected to be named following the inaugural meeting. A comprehensive report on the OECD, FATF and other 'offshore' initiatives, including the EU's Savings Tax Directive is available in the Tax News Reports Shop at http://www.tax-news.com/reportshop/
|
|
IMPORTANT NOTICE: TAX-NEWS.COM has taken reasonable care in sourcing and presenting the information contained on this site, but accepts no responsibility for any financial or other loss or damage that may result from its use. In particular, users of the site are advised to take appropriate professional advice before committing themselves to involvement in offshore jurisdictions, offshore trusts or offshore investments. All materials on this site copyright TAX-NEWS.COM 1999 to 2007. Contact us for further information.