Pakistan and UAE signed an important MoU over anti money laundering and terror financing.

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Pakistan and UAE signed an important MoU over anti money laundering and terror financing.

Pakistan and UAE have signed an important Memorandum of Understanding over the anti money laundering and terror financing.

Pakistan’s envoy in the United Arab Emirates Ghulam Dastagir has said that the recently signed Memorandum of Understanding (MoU) between the two countries to curb money laundering and terror financing would help Pakistan meet the Financial Action Task Force (FATF) conditions.

“Through this MoU, both countries are now bound through parameters and institutions to share information with each which was not being done formally earlier. This agreement also meets the requirement Pakistan needs to fulfill with regards to the FATF,” Dastgir said, quoted *Arab News.*

The Financial Intelligence Unit (FIU) of the UAE signed a Memorandum of Understanding (MoU) with the Financial Monitoring Unit of Pakistan.

The MoU signed by H.E. Ghulam Dastgir, Ambassador of Pakistan to UAE, and Ali Faisal Ba'Alawi, Acting Head of the Financial Intelligence Unit of 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, informed the Central Bank of the UAE in a statement.