ID :
105784
Wed, 02/10/2010 - 14:50
Auther :
Shortlink :
https://oananews.org//node/105784
The shortlink copeid
UAE Central Bank to sign MoUs with 14 countries to combat money laundering and terrorism financing
Abu Dhabi, Feb 10, 2010 (WAM)- UAE Central Bank announced yesterday that it will sign next week memoranda of understanding (MoU) with fourteen countries to coordinate efforts to counter money laundering and to combat terrorism financing and the related financial crimes.
The MoU will be signed on the sidelines of the joint meeting of the International Working Group of Financial Action Task Force (FATF) and Middle East '&' North Africa Financial Action Task Force (MENAFATF) which will be held in Abu Dhabi between 14th and 19th February.
Deputy Executive Director of the UAE Central Bank and the Head of its Anti-Money Laundering '&' Suspicious Cases Unit (AMLSCU) Abdul Rahim Al Awadhi said at a press conference today that the unit has signed 22 Memoranda of Understanding with their counterparts from foreign financial intelligence units in line with the initiative of the UAE for sharing and exchange of financial information. These MoU were signed in order to coordinate with the world countries and unite efforts against money laundering and for combating terrorism financing and related financial crimes.
He revealed that financial intelligence units in a number of other countries in the world have expressed their desire to sign similar MoUs with the UAE Central Bank on the sidelines of the meeting.
These countries include Argentina, Qatar, Greece, Egypt, Mexico, Saudi Arabia, Finland, the United States of America, France, Bahrain, Syria, Oman, Singapore and Spain.
The MoU will be signed on the sidelines of the joint meeting of the International Working Group of Financial Action Task Force (FATF) and Middle East '&' North Africa Financial Action Task Force (MENAFATF) which will be held in Abu Dhabi between 14th and 19th February.
Deputy Executive Director of the UAE Central Bank and the Head of its Anti-Money Laundering '&' Suspicious Cases Unit (AMLSCU) Abdul Rahim Al Awadhi said at a press conference today that the unit has signed 22 Memoranda of Understanding with their counterparts from foreign financial intelligence units in line with the initiative of the UAE for sharing and exchange of financial information. These MoU were signed in order to coordinate with the world countries and unite efforts against money laundering and for combating terrorism financing and related financial crimes.
He revealed that financial intelligence units in a number of other countries in the world have expressed their desire to sign similar MoUs with the UAE Central Bank on the sidelines of the meeting.
These countries include Argentina, Qatar, Greece, Egypt, Mexico, Saudi Arabia, Finland, the United States of America, France, Bahrain, Syria, Oman, Singapore and Spain.
