The Financial Intelligence Unit (FIU) of the UAE has signed an agreement with the Financial Monitoring Unit of Pakistan to combat money laundering and financing terrorism.
The MoU signed today by Ghulam Dastgir, Ambassador of Pakistan to UAE and Ali Faisal Ba'Alawi, Acting Head of the FIU of the UAE, comes in line with international efforts to exchange financial information and expertise, as well as collaborate with relevant authorities and stakeholders to combat financial crimes.
Commenting on the MoU signing, Ghulam Dastgir, Ambassador of Pakistan to the UAE, underlined that cooperation in exchange of information related to moneylaundering played an important role in combating money laundering and related crimes.
Ali Faisal Ba’Alawi, Acting Head of the FIU for the UAE, said: "The MoU with the Financial Monitoring Unit of the Islamic Republic of Pakistan comes in line with the interest of the UAE in contributing effectively to the international community’s common goal to exchange financial information related to money laundering and terrorism financing crimes. This MoU also reflects the strong and deep relations between the UAE and Pakistan."
Last year, FIU launched an anti-money laundering platform, called goAML, to gather and analyse intelligence submitted by reporting entities, which is then analysed and disseminated to law enforcement authorities when deemed necessary.
(Writing by Seban Scaria; editing by Daniel Luiz)
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