Wally Adeyemo Deputy Secretary of the Treasury | U.S. Treasury
Today, Deputy Secretary of the Treasury Wally Adeyemo held a meeting with Palestinian Authority Prime Minister Mohammad Mustafa. The discussion focused on security and economic stability in the West Bank and efforts to enhance the Palestinian Authority's anti-money laundering and countering the financing of terrorism (AML/CFT) regime.
Deputy Secretary Adeyemo emphasized "the importance of preventing terrorists and violent extremists from raising, using, and moving funds in the West Bank." He acknowledged the progress made by the Palestinian Authority in strengthening its CFT regime, which includes completing key milestones related to assessing AML/CFT risks within its jurisdiction.
Adeyemo also praised "the Palestinian Authority for completing a risk assessment of their financial system" and noted that they have scheduled a MENAFATF evaluation of their banking system. These steps are seen as vital for maintaining financial connections between the Palestinian territories and the international financial system.
The conversation also touched on "the importance of correspondent banking relationships between Israeli and Palestinian banks" to ensure regional security and economic stability.
