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| International |
| GCC working on cooperation in tracking terror funds |
| 2002-05-06 |
| The Gulf Cooperation Council has launched an examination of proposals for cooperation to stop the financing of Islamic groups deemed as terrorists. GCC officials said the effort would include uniform laws to increase the monitoring of bank transactions. Law enforcement officials convened last month in Abu Dhabi to discuss such issues as money-laundering and terrorist financing. The two-day conference was also meant to review efforts taken by the six member-nations to block terrorist financing. The effort has been encouraged by the United States, which has trained personnel in all six GCC states. Kuwait and the United Arab Emirates were said to have taken significant measures to combat the financing of suspected terrorist groups. The measures included regulations for banks to report unusual transactions and those by foreign depositers. The nice part about this is that it's not all polite appearances. |
| Posted by:Fred Pruitt |