CAC Bank organizes training course on combating money laundering and terrorist financee

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CAC Bank organizes training course on combating money laundering and terrorist financee

[01/05/2019 01:22]

ADEN-SABA
The Cooperative Agricultural Credit Bank (CAC Bank) has organized today a training session for the bank's branches on combating money laundering and terrorist financing.

In a speech the central bank's Assistant Governor for Supervision of Banks, Mansour Rajeh, praised the importance of the role that CAC Bank represents as one of the most important banks on which the central bank relies in restoring the stability of exchange rate of the national currency, Riyal, and restore the financial cycle back from the black market.

He pointed to the keenness of the central bank to support the efforts of banks and restore effective banking business.