By- Radio ML
The Financial Market Council decided, during a meeting held on Monday, to establish a new structure dedicated to preventing money laundering, terrorism financing, and the proliferation of weapons.
The council's decision, according to a statement issued on Tuesday, is part of the national efforts to prevent money laundering, terrorism financing, and the proliferation of weapons, and to strengthen the integrity of the Tunisian financial market.
The structure, which will be administratively linked to the council's president, aims to enhance the council's readiness to deal with related risks and ensure compliance with international standards and best practices in this field.
It will specifically direct inspection and monitoring activities on the entities subject to the council's supervision based on the risk-based approach in the field of money laundering, terrorism financing, and the proliferation of weapons.
The new structure will ensure effective coordination with relevant national and international bodies, as well as enhance technical capacities and oversee training programs in the field of preventing money laundering, terrorism financing, and the proliferation of weapons.
It will work to respond quickly to relevant legal and financial developments.