Vital Steps in Damascus toward Financial and Legal Reforms

“After months of work assisted by UNDP, Syria released its National Strategy to Combat Money Laundering and Terrorist Financing on July 21 and two days later, convened working meetings in Damascus with the Financial Action Task Force for the Middle East and North Africa (MENAFATF). The development of national policy and its integration into the FATF network is a vital step in the domestic financial and legal reform process that the US government and investors worldwide have stressed must be accomplished to provide a safe and guaranteed environment for investment. A lot more work remains, but this step is a clear indication that progress is being made.”