Lebanon fights terrorism financing and money laundering efficiently

Lebanese President Michel Aoun said on Wednesday that his country acts efficiently in the international efforts to fight terrorism financing and money laundering.

“The Lebanese legislations impose legal and financial penalties on all getting involved in such practices,” the presidency’s website quoted Aoun as saying during his meeting with Marshall Billingslea, Assistant Secretary for Terrorist Financing in the U.S. Department of the Treasury.

According to Aoun, Lebanon has established the National Coordinating Committee for Combating Terrorism Financing and another committee dedicated to combatting money laundering.

“Lebanon is also taking the necessary legislative measures to comply with international laws related to the fight against terrorism, especially after the achievement of the Lebanese army in eliminating terrorist organizations in the northeast of Lebanon,” he noted.

For his part, Billingslea assured Aoun that the United States is keen on cooperating with Lebanon’s financial and banking institutions to fight terrorism financing and money laundering.

Source: Xinhua Net