Saudi hopes purge will help push to join anti-illicit funding body


  • World
  • Thursday, 14 Dec 2017

DUBAI (Reuters) - Saudi Arabia has high hopes that a campaign of arrests to crack down on corruption will improve its chances of joining the Financial Action Task Force, a global body dedicated to combatting illicit money flows.

The kingdom, one of only two G20 nations along with Indonesia which is not a FATF member, has tried for years to shake off a reputation as a breeding ground for corruption and terror financing.

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