Amman, Sept. 13 (Petra) - Lower House Speaker Mazen Qadi met on Sunday with Middle East and North Africa Financial Action Task Force President (MENAFATF) Hamid Zaabi to discuss expanding cooperation against money laundering, terrorism financing, and financial crimes.

Qadi framed the visit as a "valuable opportunity" to exchange expertise and adopt best practices for countering emerging financial crimes, voicing Parliament's commitment to backing regulatory bodies against illicit financial activity.

He stated that Jordan established an advanced legislative framework to regulate financial reporting and govern the Anti-Money Laundering and Counter Terrorist Financing Unit. He also pointed to the Integrity and Anti-Corruption Law as a primary pillar in enhancing oversight, tracking illicit enrichment, and preventing the concealment of illegal assets.

Effective legislation, Qadi said, requires robust implementation, seamless inter-agency coordination, and strong international cooperation to track assets, exchange information, and provide mutual legal assistance. He noted that Parliament will continue its legislative and oversight roles to protect the national economy and keep pace with evolving financial crime methods.

Zaabi, for his part, lauded Jordan’s progress in developing its national anti-financial crime system, noting that the Kingdom successfully translated its international commitments into concrete laws and practices.

He commended Jordan's active engagement with MENAFATF and its role in boosting joint regional responses to financial crimes.

//Petra// HA