UAE Executive Office Of AML/CTF meets with Kazakh Financial Monitoring Agency to strengthen cooperation

UAE Executive Office Of AML/CTF meets with Kazakh Financial Monitoring Agency to strengthen cooperation

ALMATY, Kazakhstan, 9th June, 2023 (WAM) -- A delegation of the UAE's Executive Office of Anti-Money Laundering and Counter Terrorism Financing (EO AML/CTF) and representatives from the Financial Monitoring Agency (FMA) of Kazakhstan met to discuss the strengthening of bilateral relations in the field of AML/CTF.

The meeting took place in Almaty on the sidelines of the 38th Plenary Session of the Eurasian Group on Combating Money Laundering and Financing of Terrorism, a FATF-Style Regional Body.

Zhanat Elimanov, Chairman of the Financial Monitoring Agency of Kazakhstan, welcomed Hamid AlZaabi, Director-General of the UAE Executive Office of Anti-Money Laundering and Counter Terrorism Financing, and an accompanying delegation of senior Emirati officials. Ali Faisal Ba'Alawi, Head of the UAE Financial Intelligence Unit; and Waleed Al Awadhi, Chief Operating Officer of the Dubai International Financial Centre (DIFC), were among the delegates who attended the meeting.

The parties from the EO AML/CTF and Kazakh FMA discussed a range of proposals for enhancing cooperation between the two countries. Members of the Kazakh team expressed their interest in the UAE's experience in implementing IT technologies based on artificial intelligence. They added that Kazakh authorities intend to explore UAE policies and best practices in order to more effectively identify illicit