Arab experts set draft agreement on money

By NNN-KUNA,

Cairo : Experts from the Arab ministries of justice and interior have met here and set a draft accord to combat money laundering and terrorism financing.


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Committee chairman Marrouk Nasruddin, from Algeria, said in a press release Wednesday that the four-day meeting finished setting the draft agreement, aimed to be the first Arab mechanism to dry up the financing of terrorism and money laundering.

The 41-article draft agreement is to be conveyed to the next session for the Council of Arab Ministers of Justice next November and the Arab Interior Ministers Council in March 2009 to consider its approval and adoption.

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