The UAE General Secretariat of the National Anti-Money Laundering and Combatting Financing of Terrorism and Financing of Illegal Organisations Committee (GS-NAMLCFTC) and the Italian Guardia di Finanza have formalised a strategic partnership through a Memorandum of Understanding (MoU) to combat emerging financial crime threats.
The agreement focuses on enhancing coordinated efforts to counter money laundering, tax evasion and other financial crimes. It facilitates the exchange of expertise and best practices between law enforcement agencies and anti-money laundering (AML) authorities in both countries.
“The signing of this MoU represents a crucial step in strengthening the relationship between the UAE and Italy in the realm of financial crime prevention,” said Hamid Saif Al Zaabi, General Secretary and Vice-Chair of the UAE National Anti-Money Laundering and Combatting Financing of Terrorism and Financing of Illegal Organisations Committee. “Together, we aim through this MoU to set a global benchmark for international cooperation, ensuring that financial systems are safeguarded from illicit activities and that perpetrators are brought to justice.”
This agreement builds on the strong bilateral cooperation between the UAE and Italy, which has already led to the arrest and extradition of high-profile criminals and the seizure of significant illicit assets. It aims to enhance international cooperation, streamline the extradition of criminals, and combat illicit financial flows across borders.
