Tuesday, July 4, 2023 – 12:31 PM
ABU DHABI, 4th July / WAM / Under the patronage of His Highness Sheikh Mansour bin Zayed Al Nahyan, Vice President of the State, Deputy Prime Minister, Minister of the Presidential Court, Chairman of the Board of Directors of the Central Bank of the United Arab Emirates, the activities of the 29th annual meeting of the work teams of the “” Egmont” for Financial Information Units under the title “Using Advanced Information Technology to Enhance Operations”, which is organized by the UAE Financial Information Unit in Abu Dhabi, and will continue until July 7.
Financial information units attach great importance to the activities of combating financial crimes in light of their increasing linkage with the global economy, as these units play an effective role in ensuring the preservation of the integrity of financial systems.
The annual meeting is a platform to enhance communication and interaction and facilitate the exchange of information between the members of the group. The 29th annual meeting, on its first day, attracted the participation of more than 500 members, observers and international partners of the group.
The holding of the Egmont Group meeting in the UAE comes as part of the country’s efforts to combat money laundering, combat financing of terrorism and related financial crimes by strengthening cooperation with its international counterparts and encouraging the exchange of information and expertise with the competent authorities.
The meeting deals with many topics, including the use of technology to enhance privacy and artificial intelligence techniques to achieve more effective cooperation, best practices in the field of exchanging financial information, developments in training programs, in addition to reviewing and approving nomination requests for membership, reports and policies of the group, and obtaining actionable financial information to combat Money laundering and its crimes.
It is noteworthy that the Egmont Group was established in 1995 with the aim of enhancing communication and interaction between financial information units, and its membership so far includes 166 members from various countries, and its members receive thousands of suspicious transaction reports annually.
His conversion to Al-Hussein / Ramy Samih
2023-07-04 08:32:08
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