Qatar took part in the 16th meeting of the GCC Anti-Money Laundering and Terrorist Financing Working Group, held virtually yesterday.
The meeting discussed the topics listed on the agenda of the second general meeting of the 32nd session of the Financial Action Task Force (FATF), and the working group’s meetings which are scheduled to take place from Feb 11 to 25.
The meeting underlined the importance of the GCC countries adopting a unified technical vision towards the issues raised, and discussed the expected options for the mutual evaluation processes of the GCC countries by the FATF, in light of the outbreak of the coronavirus pandemic.
The team also reviewed the technical working papers prepared in combating money laundering and terrorist financing, which would contribute to strengthening the GCC joint action and co-operation.
Moreover, the meeting discussed the developments regarding holding a joint GCC workshop in combating money laundering and terrorist financing, the report of the GCC countries’ efforts towards the issue for 2020, and the latest and most important developments regarding it in the GCC countries.
The team also took note of the financial and technical support provided by the GCC to the Middle East and North Africa Financial Action Task Force (MENAFATF). The meeting was attended by representatives of the GCC national committees for combating money laundering and financing terrorism, the financial investigation units, and the GCC General Secretariat.