UAE Anti Money Laundering and Suspicious Cases Unit

The Anti Money Laundering and Suspicious Cases Unit, AMLSCU, of the UAE and Egyptian Money Laundering and Terrorist Financing Combating Unit, EMLCU, have signed a Memorandum of Understanding, MoU, on mutual cooperation.

Abdulrahim Mohammed Al Awadhi, Executive Director of AMLSCU, and Ahmad Said Khalil, Chairman of the EMLCU, signed the MoU during a meeting at the Central Bank premises in Abu Dhabi. The two sides discussed matters of mutual interest.

Wael Gad, Ambassador of Egypt to the UAE, was also present during the meeting.

The MoU included mutual cooperation in different areas that are of interest to both parties, regarding financial information related to money laundering and terrorism financing in order to support, enhance and strengthen policies of combating money laundering, terrorism financing and associated predicate offences.

With the signing of the MoU, the total number of Memoranda signed by AMLSCU is 55, among which 45 have been signed with counterparts in foreign countries and 10 with domestic strategic partners.

This further demonstrates UAE’s continued cooperation with the international community on matters related to AML/CFT, according to a Central Bank press release.