Money laundering meeting in Bali

Money laundering meeting in Bali

UNITED NATIONS: Australia and Indonesia said Sunday that they would co-host a conference on money laundering and terrorist financing, to be held on the Indonesian island of Bali on Dec. 12 and Dec. 13.

Australian Foreign Minister Alexander Downer and his Indonesian counterpart, Hassan Wirajuda, said in a joint statement they would open the conference together. The two officials met on the sidelines of the 57th annual session of the United Nations General Assembly.

"The conference will augment and contribute to existing initiatives being undertaken by the UN counter-terrorism committee and organizations such as the Asia-Pacific Group on Money Laundering," the statement said.

The ministers said they hoped the meeting would help countries in the region by "identifying capacity-building needs to existing and new obligations." -- AFP