Executive Office of Anti-Money Laundering and Countering the Financing of Terrorism organizes roundtable on partnership between public and private sectors

Executive Office of Anti-Money Laundering and Countering the Financing of Terrorism organizes roundtable on partnership between public and private sectors

Abu Dhabi, United Arab Emirates: - The Executive Office of Anti-Money Laundering and Countering the Financing of Terrorism (EO AML/CFT), in partnership with the Future of Financial Intelligence Sharing programme of the Royal United Services Institute (RUSI), convened a roundtable on public-private partnerships and ways to enhance collaboration to combat financial crime.

Officials from public-private partnership committees in partner countries in Europe and Asia delivered virtual presentations on cooperation initiatives to confront financial crime, with the participation of senior members of the UAE’s Public-Private Partnership Sub-Committee (PPPSC) and UAE Financial Intelligence Unit (FIU). More than 40 compliance and risk professionals representing financial institutions and Designated Non-Financial Businesses and Professions (DNFBPs) based in the UAE participated in the roundtable.

Participants discussed a range of issues, including best practices for the sharing of insight, experience, and lessons in the development of public-private partnerships. They also exchanged viewpoints on how national efforts to combat financial crime can best support and inform development plans for the UAE’s PPPSC.

Mohamed Shalo, Chairman of the UAE PPPSC and Director of Communications and Strategic Partnerships at the EO AML/CFT, said, “The UAE’s PPPSC has developed into an important part of the national strategy to counter financial crime. The role of