Treasury Talks: Strengthening Security and Stability in the West Bank

Deputy U.S. Treasury Secretary Wally Adeyemo discussed security and economic stability with Palestinian Authority Prime Minister Mohammad Mustafa. They focused on improving anti-money laundering measures and the role of correspondent banking between Israeli and Palestinian banks in ensuring regional stability.

The Deputy U.S. Treasury Secretary Wally Adeyemo engaged in talks with Palestinian Authority Prime Minister Mohammad Mustafa, focusing on the security and economic stability of the West Bank, the Treasury Department reported on Monday.

The discussions also highlighted the Palestinian Authority's strides towards enhancing its anti-money laundering and counter-terrorism financing frameworks, a significant measure for regional security.

The importance of the correspondent banking ties between Israeli and Palestinian banks was underlined as vital to maintaining economic stability and preventing terrorism financing in the region.

(With inputs from agencies.)