The General Administration of Customs and the Ministry of Interior, represented by its Anti-Money Laundering and Counter-Terrorist Financing Department, have signed a Memorandum of Understanding (MoU) to enhance cooperation and information exchange in combating financial crimes in compliance with international standards set by the Financial Action Task Force (FATF).
In a Sunday press statement, Customs officials noted:
The signing ceremony was attended by senior leaders from both entities
The agreement aligns with national efforts to strengthen institutional coordination among AML/CFT stakeholders
It aims to improve data exchange efficiency and intensify monitoring measures
Key Objectives:
Support the national framework for reducing financial crimes
Strengthen compliance with relevant international standards
Enhance institutional integration between regulatory and executive bodies
Safeguard the country's financial system stability
The parties emphasized:
✓ The MoU's role in achieving strategic national goals
✓ The importance of inter-agency cooperation
✓ Commitment to maintaining a secure financial environment