Bangladesh has signed a memorandum of understanding (MoU) with the United Arab Emirates to exchange financial information and expertise, as well as collaborate with relevant authorities and stakeholders to combat financial crimes.
Head of the Bangladesh Financial Intelligence Unit (BFIU) Abu Hena Mohammad Razee Hassan and his UAE counterpart Ali Faisal Ba’Alawi signed the deal on behalf of their respective sides, reports Gulf News.
According to the report, the deal was signed to combat money laundering and financing of terrorism, underpinned by mutually beneficial intelligence exchanges.
Commenting on the agreement, UAE Financial Intelligence Unit chief Ali Faisal said this agreement will further boost efforts to facilitate a robust exchange of knowledge and expertise in the areas of anti-money laundering and combating the financing of terrorism, alongside leading international intelligence units.
The UAE also signed a separate agreement to achieve a similar target with the Financial Reporting Centre (FRC) of the Federal Republic of Somalia.
