Salameh: To Implement International Regulations to Combat Money Laundering and Terrorism
Central Bank Governor, Riad Salameh, called for implementing international standards and issuing required regulations so as to combat money laundering and terror funding in the region, the state-run National News Agency reported on Friday.
Salameh's words came during the 40th meeting of the Council of Arab Central Banks Governors which took place in Rabat.
Salameh was speaking of the consequences of the measures taken by international corresponding banks on the banking sector in Arab countries. He thereby called for executing standards and issuing appropriate regulations in order to boost the confidence of corresponding banks.
He underscored the significance of the financial structure of Lebanon, which he had previously come up with, to safeguard the local fund and banking sectors.
Source: Naharnet
| Copyright © 2012 Naharnet.com. All Rights Reserved. | https://www.naharnet.com/stories/en/216996 |