UAE and Egypt to co-operate in fight against money laundering and terrorism financing

Top officials from the anti-money laundering task forces of the UAE and Egypt met as the two countries seek to strengthen co-operation in the fight against illicit financial activity.

The two sides reviewed the “most prominent regional developments and co-ordination between them” in the sector, UAE state news agency Wam reported on Thursday.

The UAE has continued its efforts to “inform international and regional partners on the latest developments in its national action plan and notable projects and initiatives” that it is working on, said Hamid Al Zaabi, director general of the UAE's Executive Office for Anti-Money Laundering and Counter Terrorism Financing (AML/CFT).

The measures are designed to ensure a “sustainable framework to combat money laundering and counter terrorism financing”, he said.

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