It was during the event moderated by Chancellor Ahmed Said Khalil, Chairman of the Board of Trustees of the Anti-Money

Laundering and Terrorist Financing Unit, the Chairman of the Middle East and North Africa Financial Action Task Force

(MENAFATF) that the importance of enhancing financial units’ access to information and developing mechanisms for sharing

experiences among stakeholders was addressed, so was the use of the state-of-the-art methods for monitoring illicit financial

flows. The event was attended by Chairman of the Administrative Control Authority, Minister Hassan Abdel Shafi Ahmed,

President of the Ninth Session of the Conference of the States Parties, and a number of international and Egyptian officials.

Chancellor Ahmed Said Khalil confirmed that Egypt had taken a number of measures to combat illicit financial flows in its quest

to combat money-laundering and terrorist financing, pointing out that the State had established comprehensive control and

supervision systems to detect cases of money-laundering and terrorist financing. 

The session highlighted the concept of illicit financial flows and 

the latest methods to measure them in accordance with international

standards, focusing on the different sources of such flows, corruption offences, the manipulation of commercial

bills, tax evasion as well as the role of financial investigation units in reducing such flows through experts from the United

Nations Office on Drugs and Crime and financial investigation units in the State.