UAE Central Bank and Finland sign AML Agreement
According to the announcement made by Abdulrahim Mohammed Al Awadi, Assistant Executive Director and Head of the Anti-money Laundering and Suspicious Cases Unit (AMLSCU) of the UAE, on February 19, 2010, the Central bank of the UAE signed a memorandum of understanding (MoU) on anti-money laundering with Finland.
The document was signed by Abdulrahim Mohammed Al Awadi and Marku-Aho, Head of National Bureau of Investigation/Financial Intelligence Unit of Finland. The agreement was signed on the sidelines of the joint FATF-MENAFATF plenary meeting that was held at the Central Bank of UAE premises in Abu Dhabi.
The memorandum of understanding included mutual co-operation in different areas of interest to both parties. The agreement regarded financial information related to money laundering and terrorism financing with a view to support, enhance and strengthen policies of fighting money laundering and tourism financing.
This signing shows the UAE’s commitment to share financial information with its global partners in order to coordinate the efforts against money laundering and other financial crimes.