The Governor of Saudi Arabian Monetary Agency (SAMA) and Chairman of Standing Committee for Combating Money- Laundering, Dr. Fahd bin Abdullah Al-Mubarak, opened here today 15th General Meeting of Financial Action Group of Middle East and North Africa for Combating Money- Laundering and Terrorist-Financing. Addressing the three-day meetings, Dr. Al-Mubarak said that the Kingdom's hosting of these meetings constitutes part of its plans for patronizing international and regional efforts in combating money-laundering and terrorism-financing, noting that the Kingdom of Saudi Arabia has supported efforts for formulating international frameworks for monitoring the world financial system of the dangers of these crimes. He pointed to the approval of Saudi Cabinet to modernize the system of combating money-laundering to be fully compatible with the international requirements.
