“Govt Towards Cash Laundering” discusses strengthening cooperation with Egypt – newsdubai

Abu Dhabi (WAM)

Hamed Al Zaabi, Director Basic of the Govt Workplace for Combating Cash Laundering and Countering the Financing of Terrorism, met yesterday in Abu Dhabi together with his Excellency Adviser Ahmed Khalil, Chairman of the Board of the Anti-Cash Laundering and Countering the Financing of Terrorism Unit in Egypt, who a part of a follow-up assembly on the discussions that befell in Cairo final August. The assembly, which mentioned methods to strengthen worldwide cooperation on this space, was attended by Faisal Baalawi, head of the UAE Monetary Data Unit, Rashid Al-Mannai, director of the Focused Monetary Sanctions Division on the Govt Workplace for Management and Non-Proliferation. , and Dr. Hatem Ali, Regional Director of the United Nations Workplace on Crime and Medication within the GCC international locations. The Arabian Gulf. Throughout the assembly, the nation’s experiences have been reviewed on numerous axes, together with the digital system to observe up on models’ compliance with the nationwide technique and motion plan, the institution of a public-private partnership committee, along with the event of the work within the nationwide threat evaluation, which is carried out in collaboration with World Financial institution Group. The assembly witnessed the sharing of the experiences of the UAE Monetary Data Unit on the strategies of strategic evaluation of the UAE Monetary Data Unit and the goAML system with the Egyptian aspect.
Hamed Al Zaabi praised the robust ties that unite the UAE and Egypt within the struggle in opposition to financial crime and defined that the UAE and Egypt share a dedication to do extra to fight cash laundering and financing of terrorism. He added: “By sharing greatest practices and facilitating the better circulation of knowledge, we have now elevated the effectiveness of investigation and prosecution in cash laundering,” stressing that these efforts strengthen the UAE’s place as a pretty world heart for enterprise and supply a protected foundation. for bilateral commerce with companions reminiscent of Egypt. His Excellency Advisor Ahmed Khalil, Chairman of the Board of Administrators of the Egyptian Anti-Cash Laundering Unit, for his half expressed his confidence that these distinguished discussions will contribute to arriving at nationwide plans and methods. It helps an efficient response to financial crime, together with cash laundering and terrorist financing, and maximizes the mutual advantage of the experiences of the United Arab Emirates and the Arab Republic of Egypt.