Iran tops world league for money laundering and terror finance
Iran tops world league for money laundering and terror finance
It was followed by Afghanistan, Guinea-Bissau, Tajikistan and Laos in the annual rankings compiled by the Basel Institute on Governance, an independent anti-corruption group based in Switzerland. The three lowest ranked countries were Finland, Lithuania and Estonia.
In the list of 146 countries, Saudi Arabia ranked 93rd, which gives the Kingdom’s banking system a superior rating to that of Turkey in 43rd, Pakistan in 46th, China in 51st, Russia in 64th and India in 88th, and only marginally behind Japan in 98th.
“The Kingdom has a clean record as far as money laundering is concerned,” said Syed Ahmed Ziauddin, chief of the financial institutions and public sector at Bank Aljazira. “All financial institutions, including banks, have a high compliance rating within the framework of international regulations and guidelines issued by the Saudi Arabian Monetary Authority. The banks in the Kingdom have world-class technical platforms on a par with advanced countries.”
Marwan Jafri, another local banker, said: “Saudi banks are fully committed to fighting money laundering and combating terrorism financing by adopting and maintaining appropriate policies, systems and controls. But there are ample proofs in the public domain about the involvement of Iran in money laundering and terror financing.”
This is the sixth year in which the institute has compiled its rankings. Its report says the greatest improvements in the past year have been made by Sudan, Taiwan, and Bangladesh. In South Asia, Afghanistan is the highest-risk country followed by Nepal, Sri Lanka and Pakistan.
US anti-Daesh office gets reprieve as Syria pullout accelerates
- Daesh fighters begin evacuating their final stronghold in southern Damascus
- US State Department says anti-Daesh office in Syria will stay in business for at least six more months
LONDON: Daesh fighters began evacuating their final stronghold in southern Damascus on Sunday, a monitor said, bringing Syria’s government closer than ever to flushing out the last threat to the capital.
After weeks of combat and heavy casualties, an apparent deal was reached for remaining Daesh fighters to leave Yarmuk and the adjacent district of Tadamun, according to the Syrian Observatory for Human Rights.
Daesh militants burned their headquarters in Yarmuk before boarding buses with their relatives to leave the area, said Observatory head Rami Abdel Rahman.
“The six buses left at dawn, heading east for the Syrian desert,” he added.
Abdel Rahman could not specify how many had left, but said a majority were relatives of militants and not armed. More than two dozen buses remained in Yarmuk for additional evacuations, he said.
Syrian state media and a Palestinian official have denied a deal was reached or that evacuations were taking place.
Yarmuk in particular has been devastated by Syria’s conflict, suffering a crippling government siege since 2012 and ruined by years of fighting.
It was once home to 160,000 Palestinian refugees, as well as Syrians, but just a few hundred remain.
Meanwhile, the State Department unit overseeing the fight against the Daesh will stay in business for at least six more months, reserving an administration plan for the unit’s imminent downgrade even as President Donald Trump presses ahead with a speedy US exit from Syria.
A plan initiated by Rex Tillerson before he was fired as secretary of state in March would have folded the office of the special envoy to the global coalition into the department’s counterterrorism bureau as early as spring, officials said. Tillerson’s successor, Mike Pompeo, canceled the plan this month, and the office will stay an independent entity until at least December, when there will be a new review, said the officials, who weren’t authorized to discuss the plan publicly and spoke on condition of anonymity.
The office reports directly to the secretary of state and the president, and the planned shift would have undercut its status and the priority of its mission. It could have led to staffing and budget cuts as well as the departure of the special envoy, Brett McGurk. He is now expected to remain in his job at least through the end of the year.
Still, the officials said Trump’s intent to reduce the US military and civilian stabilization presence in Syria has not changed and is, in fact, accelerating. The State Department has ended all funding for stabilization programs in Syria’s northwest. Daesh militants have been almost entirely eliminated from the region, which is controlled by a hodgepodge of other extremist groups and Syrian President Bashar Assad’s government forces.
At least some of the US money for those projects is expected to be redirected Syria’s northeast where Daesh fighters remain, the officials said.
The conflicting moves of retaining McGurk’s office while pulling out of the northwest illustrate how the administration is being pulled in different directions by Trump’s two competing interests: extricating the US from messy Mideast conflicts and delivering a permanent defeat to Daesh.
Trump has said the United States will be withdrawing from Syria “like very soon.” In late March, the State Department, the Pentagon and intelligence agencies tried to dissuade him from pulling troops out immediately, warning there was a risk Daesh would manage to regroup. Trump relented slightly, but told aides they could have only five months or six months to finish off Daesh and get out.
The US announced in September 2014 that it was forming a coalition of nations to defeat the nascent extremist group that had taken over vast swathes of Iraq and Syria. Days later, President Barack Obama named retired Marine Gen. John Allen the first special presidential envoy for the coalition. McGurk, his deputy, replaced him in 2015.
Almost four years later, Daesh no longer controls territory in Iraq, though US officials say its ideology remains a threat there. The final vestiges of the self-proclaimed caliphate are in Syria, where civil war has made it far trickier to wrest the militants from the few pockets of territory they still control.
Yet, as Trump’s administration eyes an exit as soon as Daesh is vanquished, the broader situation in Syria is not getting any better as far as American interests are concerned.
Assad’s forces are making inroads against the opposition and now control roads between Syria’s three main cities for the first time since the war broke out in 2011. Moscow is solidifying its influence, even hosting Assad for a surprise visit Thursday to Russia, where he met with President Vladimir Putin. And an outbreak of direct fighting between Israel and Iranian forces based in Syria has catalyzed concerns about Tehran’s involvement in Syria and the potential for a broader regional conflict.
“Hopefully, Syria will start to stabilize,” Trump said last week as he met with NATO’s secretary-general at the White House. “You see what’s been happening. It’s been a horror show.”
Nevertheless, there are no signs that Trump is backing away from his determination to limit US involvement to the narrow task of defeating Daesh, leaving to others the longer-term challenges of stabilizing the country, restoring basic services and resolving the civil war.
A $200-million pledge that Tillerson made in February for stabilization programs in Syria remains on hold on Trump’s orders and is under review. Tillerson, who had advocated for maintaining the US presence, was fired shortly after he made the pledge at a conference in Kuwait.
Then the administration this month decided to halt funding US military and reconstruction programs in the Syrian northwest, the officials said. Pending the results of the overall review, the canceled money is expected to be shifted to programs in northeast Syria, where US troops are still battling Daesh, and civilian teams from the State Department and US Agency for International Development are working in newly liberated areas.