IMF Signs An Agreement on Switzerland’s Participation in the IMF’s Trust Fund for Anti-Money Laundering and Combating the Financing of Terrorism
July, 2009
Mr. Murilo Portugal, Deputy Managing Director of the International Monetary Fund (IMF), and Ambassador Beatrice Maser Mallor, Head of Economic Cooperation and Development of the State Secretariat for Economic Affairs (SECO), signed today in Zurich an agreement for a US$5 million contribution by Switzerland to the IMF’s Trust Fund for Anti-Money Laundering and Combating the Financing of Terrorism (AML/CFT).
Following the signing ceremony, Mr. Portugal issued the following statement:
“The international community has made the fight against money laundering and terrorist financing a priority. The multi-donor trust fund will contribute to the strengthening of global AML/CFT regimes by improving national systems. Robust AML/CFT regimes are an important pillar of the international regulatory and supervisory system and part of the current efforts to strengthen the global financial framework.”
“The IMF is pleased that Switzerland has decided to contribute US$5 million to this initiative and, following a decision by the Steering Committee, will chair the committee in 2009. Switzerland is already one of the largest donors to the IMF’s capacity building program and its participation in the trust fund will further strengthen our partnership.”
July, 2009
Mr. Murilo Portugal, Deputy Managing Director of the International Monetary Fund (IMF), and Ambassador Beatrice Maser Mallor, Head of Economic Cooperation and Development of the State Secretariat for Economic Affairs (SECO), signed today in Zurich an agreement for a US$5 million contribution by Switzerland to the IMF’s Trust Fund for Anti-Money Laundering and Combating the Financing of Terrorism (AML/CFT).
Following the signing ceremony, Mr. Portugal issued the following statement:
“The international community has made the fight against money laundering and terrorist financing a priority. The multi-donor trust fund will contribute to the strengthening of global AML/CFT regimes by improving national systems. Robust AML/CFT regimes are an important pillar of the international regulatory and supervisory system and part of the current efforts to strengthen the global financial framework.”
“The IMF is pleased that Switzerland has decided to contribute US$5 million to this initiative and, following a decision by the Steering Committee, will chair the committee in 2009. Switzerland is already one of the largest donors to the IMF’s capacity building program and its participation in the trust fund will further strengthen our partnership.”
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