Arab nations are teaming up to fight money laundering and terrorist funding, with special attention on non-profit organizations and hawala, an informal cash transfer system widely used in the Third World. Up to 10 Middle East and North African states will form a new group next month to bolster the fight against illegal cash flows, Jean-Louis Fort, president of the Financial Action Task Force on Money Laundering (FATF), told Reuters in an interview. Fort said the Paris-based FATF also hoped to announce new moves against cash couriers who play a key role for terrorists, drug barons and crime syndicates. Full Story