Kuwait to head MENA financial task force in 2017 - Al-Sayegh

By Nawaf Al-Degbasi DOHA, Nov 17 (KUNA) -- Kuwait will head the Middle East and North Africa Financial Action Task Force (MENAFATF) in 2017, said Chairman of the Kuwaiti Financial Intelligence Unit (KWFIU) and President of the National Committee for Anti-Money Laundering and Combating the Financing of Terrorism, Talal Al-Sayegh Thursday.
On the sideline of the 24th meeting of the MENAFAFT, which began on November 12, Al-Sayegh told KUNA that Kuwait was keen on carrying out the efforts to prevent organized crime and terrorism from flourishing in the MENA region and the world.
He added that Kuwait will launch a study during its presidency to evaluate MENAFATF members' commitment to proposals and decisions made by the task force.
Kuwait is keen on forwarding and supporting MENAFATF agenda on the global scene, said Al-Sayegh, adding that all members of the task force will be given equal opportunities to provide their vital inputs to the organization.
He revealed that Kuwait will launch a MENAFATF computer program that will offer an important database for users regarding information and efforts on the domains of anti-money laundering and combating the financing of terrorism.
The Middle East and North Africa Financial Action Task Force (MENAFATF) was established in 2005. (end) nnd.gta