A meeting was held prior to the signing to discuss the strong relationship between the UAE and KSA. The joint efforts between both countries reflects the strong ties, having undertaken a series of initiatives to combat money laundry and financial terrorism alongside the international community.
The MoU was signed by Mr. Ali Faisal Ba’Alawi, Acting Head of FIU, and Brigadier General Otaibi Bin Khader Al Malki, Director of Financial Intelligence Unit of KSA. The strategic partnership will further strengthen the cooperation between the two financial intelligence agencies. This will include the development of shared network platforms which will allow for enhanced knowledge sharing between the two agencies. The data shared will support both entities in the ongoing battle against money laundering, financial terrorism.
