It was signed by the Dubai Center for Economic Security and the Executive Office to Combat Money Laundering in Abu Dhabi
Memorandum of Understanding to Strengthen the Financial Crimes Control System in the UAE
The Dubai Center for Economic Security and the Executive Office to Combat Money Laundering and Terrorism Financing in Abu Dhabi signed a memorandum of understanding with the aim of strengthening the financial crime control system in the UAE.
The memorandum, which was signed by the Executive Director of the Dubai Center for Economic Security, Faisal bin Sulaiten, and the Director General of the Executive Office for Combating Money Laundering and Terrorism Financing, Hamed Saif Al Zaabi, stresses the importance of defining the general framework for joint cooperation between the two parties in the field of combating money laundering and terrorist financing, with the aim of strengthening the system of anti-money laundering and terrorist financing. Combating financial crimes in the UAE.
The memorandum confirms the cooperation of the two sides in working to find specific rules conducive to the complementarity of roles, in the fight against corruption and economic crimes in the country, and its signature came from the two parties' awareness of the importance of strengthening efforts aimed at supporting the national strategy to counter money laundering and terrorist financing, strengthening the principle of transparency and integrity, and combating corruption. financial.
The memorandum aims to consolidate joint cooperation between the two sides in the field of combating money laundering and terrorist financing, through the exchange of information, knowledge, experiences and practices followed by the two parties, in addition to seeking the assistance of experts and consultants of both parties in the fields of combating money laundering and terrorist financing, as well as organizing and implementing specialized training courses. in the field of money laundering and terrorist financing.
The principle behind this partnership lies in exchanging experiences and information in money laundering and terrorist financing cases, to enhance the protection and maintenance of public money from financial crimes. It is expected that this partnership will expand and enhance efforts between the two sides, to exchange specialized studies on money laundering and terrorist financing crimes, research and studies.
The Executive Director of the Dubai Center for Economic Security, Faisal bin Sulaiten, said that the memorandum will contribute to facilitating and enhancing cooperation between the two parties, stressing the importance of working with the principle of teamwork to achieve the objectives of the national strategy to combat money laundering and terrorist financing, and the national action plan aimed at strengthening the system for combating financial crimes. in the Emirates.
For his part, the Director-General of the Executive Office for Combating Money Laundering and Terrorism Financing, Hamed Saif Al-Zaabi, said that the importance of signing the memorandum lies in achieving the common goals between the two sides, by focusing on joint programs by all possible means to combat financial corruption and terrorist financing in the country, expecting to expand This partnership will be established in the near future, and efforts will be strengthened to develop work mechanisms and projects that allow work more effectively and efficiently.
The first of the cooperation program between the two sides will be to support the system to combat financial corruption and the financing of terrorism in the UAE, and the objectives of the memorandum will be implemented through a clear and specific work plan and programs, all of which represent the leadership's vision in supporting the financial and economic system in the country.
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