The Financial Intelligence Unit of the United Arab Emirates (UAE FIU) has signed a Memorandum of Understanding with the Financial Reporting Center (FRC) of the Federal Republic of Somalia to exchange financial information and expertise, as well as collaborate with relevant authorities and stakeholders to combat financial crimes.
The UAE FIU has also signed separate agreements with the FRC of Somalia and the BFIU in accordance with the UAE’s overarching objective of combatting money laundering and financing of terrorism, underpinned by mutually beneficial intelligence exchanges with international counterparts.
At the diplomatic level, UAE Ambassador to Somalia Mohammed Ahmed Othman Al Hammadi has met with James Swan, United Nations Special Representative of the Secretary-General for Somalia, at the embassy’s headquarters in the capital, Mogadishu.
During the meeting, they discussed means to develop cooperation between the UAE and the UN Office in Somalia, the mechanism of joint action to support security and stability in the country, and a number of issues of common interest.
Al Hammadi extended his appreciation to the UN Envoy for his keenness to strengthen ties between the UAE Embassy and the Inter-Governmental Authority on Development (IGAD) office in Somalia.
Swan, in turn, commended the UAE's continuous efforts to support the process of security and stability in Somalia and the development and humanitarian projects it is implementing across various Somali regions.
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