Egypt, US officials discuss combating money laundering, terror financing

Egyptian and US officials held talks on means to combat money laundering and financing terrorism in the US on Thursday (April 4th), Egypt's Ahram Online reported.

Chairman of Egypt's Money Laundering and Terrorist Financing Combating Unit Ahmed Saeed Hussein and the Financial Crimes Enforcement Network (FinCEN) director Kenneth A. Blanco discussed ways to boost co-operation between the two countries in combating money laundering, illegal immigration and terrorism financing.

The meeting was attended by Egypt's Prosecutor-General Nabil Sadek and head of the Central Auditing Organisation Hesham Badawi.

The talks came as part of a visit by a high-profile Egyptian delegation to Washington, which also included Investment Minister Sahar Nasr.

During the visit, the Egyptian officials also met with leaders from the US Department of Justice and the World Bank.

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