The Bahrain’s Anti-Money Laundering and Counter-Terrorism Financing Committee signed a Memorandum of Understanding with UAE National Anti-Money Laundering and Combating Financing of Terrorism and Financing of Illegal Organisations Committee (NAMLCFTC).
The signing took place in the presence of CE of the Financial Intelligence National Centre and Chair of the Committee, Shaikha May bint Mohammed Al Khalifa and the Secretary General and Vice-Chair of the UAE's NAMLCFTC, Hamid Al Zaabi.
The MoU aims to strengthen cooperation frameworks and enhance the exchange of expertise and knowledge in anti-money laundering, counter-terrorism financing, and combating the financing of the proliferation of weapons of mass destruction. It also outlines the general framework for cooperation between the two sides in exchanging best practices, developing operational capacities, and organising joint training programmes and workshops.
The MoU contributes to enhancing the efficiency of the AML/CFT system and supporting compliance with international standards.
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