The acting Governor of the Central Bank, appointed temporarily by the Presidential Council, Abdul Fattah Ghaffar, discussed today, Thursday, with the National Committee on Combating Money Laundering and Terrorism Financing at the bank’s headquarters, various files related to the committee’s work, including its future strategy. This strategy includes several projects aimed at improving the competencies of employees in the financial sectors and other relevant sectors, such as insurance, real estate brokerage, contract writers, and precious metals traders.

The meeting also explored mechanisms to develop the specialized technological infrastructure and the committee’s role in supporting legislative frameworks that ensure the effectiveness of efforts to combat money laundering and terrorism financing, as well as enhancing communication between all relevant parties.

Ghaffar emphasized the importance of the committee continuing its work in accordance with the established procedures, noting the need for ongoing technical support for all entities involved in combating money laundering and terrorism financing. This includes updating data based on systems and operational capacity and continuously monitoring them.

The acting governor also stressed the importance of coordination and cooperation between the concerned parties to achieve common strategic goals in combating money laundering and terrorism financing, with particular emphasis on financial institutions, especially compliance units, which must operate according to international standards.