The Central Bank of the UAE announced yesterday it has signed a memorandum of understanding on money laundering with the National Bureau of Investigation/Financial Intelligence Unit of Finland.
Abdul Rahim Mohammad Al Awadi, Assistant Executive Director and Head of Anti-Money Laundering and Suspicious Cases Unit (AMLSCU) of the UAE, signed the MoU with Markku Ranta-Aho, Head of National Bureau of Investigation/Financial Intelligence Unit of Finland.
The MoU includes mutual cooperation in different areas of interest to both parties, regarding financial information related to money laundering and tourism financing in order to support, enhance and strengthen policies of combating money laundering and tourism financing.
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The move demonstrates the commitment of the UAE to share financial information with its global partners to coordinate the efforts against money laundering, terrorism financing and related crimes.
The signing took place during the joint Middle East and North Africa Financial Action Task Force plenary and the working group meetings held at the Central Bank in Abu Dhabi.