“It highlights the collaborative efforts of various committees, entities, and national bodies, including the Central Bank and the National Committee for Combating Money Laundering, Terrorism Financing, and Financing of Illegal Organizations,” adds Balama, who also chairs the National Anti-Money Laundering and Counter-Terrorism Financing Committee.
UAE, Kazakhstan sign MoU to combat financial crimes
ASTANA, KAZAKHSTAN – UAE and the Republic of Kazakhstan signed an agreement to enhance bilateral cooperation in the combating of financial crimes. UAE’s Executive Office of Anti-Money Laundering and Counter Terrorism Financing (EO AML/CTF) and the Financial Monitoring Agency of Kazakhstan (FMA) have formally inked a Memorandum of Understanding (MoU)....‘Qatar remains committed to curb financial crimes’
The Gulf country "remains commitment to international strategies and plans targeting financial crime. In 2023, FATF completed its evaluation of Qatar's anti-money laundering and counter-terrorism financing system, where Qatar achieved significant success," adds Sheikh Ahmed.
MENA facing new financial risk challenges due to pandemic: Refinitiv report
25 percent say that a data breach poses the most significant risk to business operations Refinitiv expert says deploying advanced technologies will be key to tackling financial crime Covid-19 pandemic has given rise to new financial risk challenges in the Middle East and North Africa (MENA) region, according...Financial crimes: UAE, Bangladesh and Somalia to cooperate
The move is in line with international efforts to exchange financial information and expertise
