Tunisia is aiming to shore up investor confidence while putting a stranglehold on terrorist financing operations with the introduction of a new anti-money laundering law, according to reports.
Magharebia stated that the new legislation, which was formally enacted by the Tunisian parliament last week, will harmonise the north African country's legal framework with United Nations treaties and resolutions designed to block the flow of terrorist funding.
Introducing the law, minister of justice and human rights Bechir Tekkari had told legislators that the policy would be crucial in protecting Tunisia's financial services sector from criminal elements.
Tekkari said international standards provide the "necessary safeguards against those who engage in suspicious financial dealings".
Banking expert Salem Ben Aziza told the site that the new regulations had been introduced "just at the right moment" as Tunisia is preparing to open up its financial services sector to greater private
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