Pakistan and UAE have signed an important Memorandum of Understanding overthe anti money laundering and terror financing.
Pakistan’s envoy in the United Arab Emirates Ghulam Dastagir has said thatthe recently signed Memorandum of Understanding (MoU) between the twocountries to curb money laundering and terror financing would help Pakistanmeet the Financial Action Task Force (FATF) conditions.
“Through this MoU, both countries are now bound through parameters andinstitutions to share information with each which was not being doneformally earlier. This agreement also meets the requirement Pakistan needsto fulfill with regards to the FATF,” Dastgir said, quoted *Arab News.*
The Financial Intelligence Unit (FIU) of the UAE signed a Memorandum ofUnderstanding (MoU) with the Financial Monitoring Unit of Pakistan.
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The MoU signed by H.E. Ghulam Dastgir, Ambassador of Pakistan to UAE, andAli Faisal Ba’Alawi, Acting Head of the Financial Intelligence Unit of UAE,comes in line with international efforts to exchange financial informationand expertise, as well as collaborate with relevant authorities andstakeholders to combat financial crimes, informed the Central Bank of theUAE in a statement.
