UAE signs anti-money laundering memo with Montenegro
The United Arab Emirates and Montenegro signed a Memorandum of Understanding providing for joint co-operation in combating money laundering and terrorist financing. The document was signed as a result of the meeting held by Sultan Nasser Al Suweidi, Governor of the UAE Central Bank and Chairman of the National Anti-money Laundering Committee, with a delegation from Montenegro led by Predrag Mitrovic, the Director of the Administration for the Prevention of Money Laundering.
Memorandum of Understanding signed by two countries implies the exchange of financial information between them regarding money laundering and financing of terrorism, and consolidation of their strategies in fighting money laundering. According to the UAE Central Bank, the conclusion of the MOU means “the UAE’s sincere desire to pursue cooperation with the international community in the fight against these two crimes.”
The document was signed by Predrag Mitrovic and Abdulrahim Mohamed Al Awadi., the Assistant Executive Director and Head of Anti-Money Laundering and Suspicious Cases Unit (AMLSCU), UAE Central Bank.