ABU DHABI: The Executive Office of Anti-Money Laundering and Counter-Terrorism Financing participated in the Eurasian Group on Combating Money Laundering and Financing of Terrorism (EAG) Meeting with the donours and providers of technical assistance, in Ashgabat, Turkmenistan, on May 2-3, 2024.
The meeting was organised by the Financial Monitoring Service at the Ministry of Finance and Economy of Turkmenistan, the Eurasian Group Secretariat, and the International Training and Methodology Centre for Financial Monitoring of the Russian Federation. The aim of the meeting was to secure donations and technical assistance for the Technical Assistance Plan for Turkmenistan.
Hamid Al Zaabi, Director General of the Executive Office of Anti-Money Laundering and Counter-Terrorism Financing, affirmed the UAE’s commitment to disseminating its knowledge and expertise to nations worldwide, reflecting its strategic focus on bolstering international cooperation through the exchange of knowledge and best practices.
He said:
“We are pleased to participate in this important meeting, during which we’ve succeeded in identifying the main areas of the Technical Assistance Plan for Turkmenistan. Over the coming weeks, we will conduct further studies on the types of support that can be provided. The UAE has extensive technical expertise in the field of anti-money laundering and counter-terrorist financing strategies and action plans, which our country has gained from its experience in developing an effective and comprehensive system to combat these crimes.”
‘Sharing our experience and expertise with our partners is a priority of the strategic partnerships that we are working to strengthen at all regional and international levels. The Executive Office of Anti-Money Laundering and Counter-Terrorism Financing will continue to actively participate in various forums to enhance our steadfast approach to combating money laundering and terrorist financing crimes and risks,’ he added.
Following a presentation that included an overview of the T
echnical Assistance Plan for Turkmenistan, the specific needs related to its effectiveness were reviewed – as defined in the direct outcomes and those related to technical commitment as specified in the 40 FATF Recommendations.
In this context, some of the participating national delegations pledged to provide financial support.
Source: Emirates News Agency