Administration of North and East Syria approves law combating money laundering and terrorism financing

NORTH AND EAST SYRIA — The Legal Committee of the General Council of the Autonomous Administration of North and East Syria (AANES) recently held a significant meeting to address a draft law aimed at combating money laundering and terrorism financing.

Attending the meeting were representatives from the Executive Council, lawyers from the AANES General Council and Executive Council, and delegates from the Central Bureau of Cash and Payments for North and East Syria, who put forward the initial draft.

The productive discussions and deliberations spanned two consecutive days, leading to various amendments and improvements to several articles, paragraphs, and clauses within the draft law. Once the necessary modifications were made, the draft was deemed ready for presentation to the AANES General Council.

Following the approval of the amendments, the law is scheduled for issuance during the upcoming regular session, marking a significant step in the AANES’s efforts to address money laundering and counter terrorism financing effectively. The law is expected to further strengthen the region’s financial integrity and safeguard against illicit activities.