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Small Cabinet meeting focuses on evaluation of anti-money laundering and terrorism financing system

Published the:  03/11/2017

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(TAP) - A small Cabinet meeting was held on Friday evening under the chairmanship of Prime Minister Youssef Chahed to evaluate the national system to combat money laundering and terrorist financing and ways to improve actions in this area.

Quoted in a Prime Ministry statement, Youssef Chahed emphasised the need to accelerate the establishment of a legal framework on cybercrime and to work in co-ordination with the National Institute of Statistics (INS) to set up a comprehensive system of statistics related to judgments and funds confiscated in money laundering and terrorism crimes.

The Cabinet meeting recommended introducing amendments to the Commercial Registry Act in order to establish the funding sources.

Emphasis was also placed on the need to enact a government decree that provides for freezing assets of people and organisations tied to terrorist financing, in accordance with the relevant United Nations conventions.