Riyadh (UNA-OIC) – The Islamic Military Counter Terrorism Coalition (IMCTC) held, on Thursday at its headquarters in Riyadh, a presentation entitled “International requirements for combating money laundering and terrorist financing”.
The presentation was delivered by Advisor at Capital Market Authority Turki bin Ali Almajhad, in the presence of Acting IMCTC Secretary-General Mohammed bin Saeed Al-Moghedi, as well as the delegates of the member countries and the coalition personnel.
During the presentation, Almajhad referred to the quality of the policies and activities that countries apply in order to combat money laundering, terrorist financing and weapons proliferation financing. He stressing the importance of countries’ understanding of financial institutions and non-financial businesses and professions identified with the results of assessing the risks of money laundering and terrorist financing at the national level.
It is noteworthy that the presentation comes as a part of the series of symposia, presentations and roundtable discussions organized by IMCTC in the counter-terrorist financing domain, which is one of the coalition’s four domains of action (i.e., Ideology, Communications, Counter-Terrorist Financing and Military).
