UAB chief vows to fight money laundering, terror financing
(MENAFN- Kuwait News Agency (KUNA)) CAIRO, Dec 26 (KUNA) -- Chairman of the Union of Arab Banks (UAB) Sheikh Mohammad Al-Jarrah Al-Sabah said on Monday that UAB is firm on dealing with issues gripping the world, most notably, money laundering and terror financing.
Sheikh Mohammad Al-Jarrah, who is also Chairman of Kuwait International Bank (KIB), made these remarks in a statement to the press after meeting with the Secretary General of the Arab League Ahmad Abul-Gheit.
Moreover, he noted that UAB is working with the international community to fight money laundering and terror financing, as well as to cut off all funding sources for the So-called Islamic State (IS).
On his meeting with Abul-Gheit, he said that it yielded plans to hold annual conferences that aim to bolster Arab cooperation in the currency market, adding that UAB is instrumental in Arab economic development through studies it conducts on the economies of Arab nations.
He also added that UAB has pitched several strategies to eliminate any hurdles that could encumber Arab commercial trade. (end) rg.nam
Sheikh Mohammad Al-Jarrah, who is also Chairman of Kuwait International Bank (KIB), made these remarks in a statement to the press after meeting with the Secretary General of the Arab League Ahmad Abul-Gheit.
Moreover, he noted that UAB is working with the international community to fight money laundering and terror financing, as well as to cut off all funding sources for the So-called Islamic State (IS).
On his meeting with Abul-Gheit, he said that it yielded plans to hold annual conferences that aim to bolster Arab cooperation in the currency market, adding that UAB is instrumental in Arab economic development through studies it conducts on the economies of Arab nations.
He also added that UAB has pitched several strategies to eliminate any hurdles that could encumber Arab commercial trade. (end) rg.nam
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