Khalil urged political rivals to confront danger. (The Daily Star/Hasan Shaaban)
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Lebanon will fully mobilize its political, financial and judicial resources to complete the battle against terrorism financing, Finance Minister Ali Hasan Khalil said Friday.Other speakers voiced support for real actions to combat money laundering and terrorism funding in Lebanon and the Middle East.Torbey said the region is passing through a stage of uncertainty amid bloody conflicts in several countries."Under the impact of globalization and the opening up of financial markets, and the fact that the crimes of money laundering have crossed all boundaries, the need arose quickly to create mechanisms for international cooperation to confront them," Torbey said.He stressed that all states must fully abide by U.S. and international resolutions on anti-money laundering and terrorism financing.Torbey noted that some banks prefer to avoid dealing with some banks, clients and sectors, and this phenomenon is known as derisking.Other speakers stressed that terrorism financing has become a serious issue and for this reason the world must be united to combat this phenomenon.
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