It was signed by "Community Development" and the Ajman Charitable Coordination Council
Memorandum of Understanding to combat money laundering and terrorist financing
A share that perishes: “The memorandum enhances the state’s efforts to meet the requirements of the Financial Action Task Force (FATF) and (MENAFATF).
Maryam Al-Maamari: “The Memorandum of Understanding provides a suitable environment for the work of civil associations and institutions of public interest.”
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The Ministry of Community Development and the Council for the Coordination of Charitable Work and Endowments in Ajman have signed a memorandum of understanding regarding civil associations and institutions of public interest. Assistant Undersecretary for Social Development Affairs at the Ministry, Hessa Tahlak, said that the memorandum comes in support of the country's efforts to meet the requirements of the Financial Action Task Force (FATF) and MENAFATF, and as an affirmation of its continued commitment to applying the best international standards in order to confront money laundering and terrorist financing. and upgrading it, by developing the capabilities and expertise of national competencies in this field and providing a deterrent legislative environment for the practice of money laundering and terrorist financing.In turn, the Secretary-General of the Council, Maryam Ali Al-Maamari, stated that the memorandum of understanding provides an appropriate environment for the work of civil associations and institutions of public interest, through the issuance of legislation that regulates their work and push them to contribute strongly to achieving the vision of the leadership, leading to sustainable development and activating its role in society. In addition to activating supervision and control over NGOs and institutions of public interest.
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