General Assembly ECOFIN committee

Sponsors : Portugal, Italy, Russian Federation, Turkey, Netherland

Signatories: Belarus, Poland, Mexico, Finland, Austria, Belgium, Ukraine.

Topic: Anti Money Laundering and countering the financing of terrorism.

Alarmed by the high rate of unemployment, corruption, debt crisis that has led to an increase in acts of
financing terrorism and money laundering.

Taking note of the adverse effect money laundering and financing terrorism has on the economy and
security of various countries. Effects like high inflation rate, reduction in GDP growth, tampered security
e.t.c

RESOLUTIONS

The European bloc hereby;

Encourages skilled labour and empowering people in our individual countries.

Recommends that regulatory bodies and financial institutions should follow guidelines of policies
against money laundering and terrorism financing have laid down.

Further reminds government to put in place effective laws and policies as well as severe sanctions been
put in place to brood seriousness.

Also recommends setting up internal audits with high technology that would control money laundering
and terrorism financing.

Adopts proper scrutinisation of immigrants.

Urges the government of each state to put to effect Checks and Balances