They also discussed new prospects for overall cooperation between their countries to serve the mutual interests, as well as regional and international issues of mutual concern.
Dubai Courts established a new court to combat money laundering. The announcement comes just months after the establishment of the Executive Office of AML, further demonstrating the UAE’s ongoing efforts to implement a sophisticated financial crime compliance framework.
Abu Dhabi: The UAE Financial Intelligence Unit (FIU) has signed a Memorandum of Understanding (MoU) with the China Anti-Money Laundering Monitoring and Analysis Centre (CAMLMAC) to facilitate cooperation on the exchange of intelligence concerning anti-money laundering and combatting the financing of terrorism.
The signing of this MoU is in line with the objectives of the UAE and the People’s Republic of China in having their respective authorities cooperate on the assembly, development, and analysis of intelligence on financial transactions suspected of being related to money laundering and terrorist financing.
“The signing of this MoU is a testament to the strength of the relationship between the UAE FIU and the CAMLMAC as we look to cooperate on the exchange of intelligence in the area of anti-money laundering and combatting the financing of terrorism. We will continue our ongoing joint efforts to confront all suspicious activities both regionally and internationally and we w
UAE Financial Intelligence Unit partners with Chinese counterpart to address money laundering gulfnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from gulfnews.com Daily Mail and Mail on Sunday newspapers.