According to Amac News: The two-day meetings were attended by senior officials from both sides and a group of experts and specialists in the fields of anti-money laundering (AML) and counter-terrorism financing (CFT).
The discussions focused on strengthening bilateral cooperation between the UAE and Kazakhstan, as well as exchanging experiences and insights on the latest practices and approaches to address emerging challenges in preventing financial crimes.
Hamid Saif Al Zaabi, Secretary-General of the Secretariat and Deputy Chairman of the NAMLCFTC, stressed the importance of international cooperation between the UAE and Kazakhstan.
“In addition to bilateral relations, both countries actively participate in the Eurasian Group under the Financial Action Task Force (FATF), which demonstrates our shared commitment to combating these transnational crimes,” he added.
Meanwhile, Zhanat Elimanov, Head of the Financial Supervision Agency of Kazakhstan, said that the UAE and Kazakhstan share a high-level commitment to combating money laundering and the financing of terrorism.
Senior members of the GS-NAMLCFT provided an overview of the UAE’s comprehensive understanding of risks at the meetings, which has been developed through the completion of an updated National Risk Assessment and recent updates to the virtual asset risk assessment.
Team members from the Public-Private Partnership Forum spoke about one of their initiatives, which aims to strengthen dialogue and technical cooperation between the public and private sectors to combat money laundering and the financing of terrorism.
The initiative provides a comprehensive legal framework for cooperation between government entities and the private sector, and focuses on identifying and mitigating financial crime risks.
The Kazakh delegation concluded its visit with a meeting at the UAE Financial Intelligence Unit, where the two sides shared their experiences and discussed best practices for detecting financial crimes, particularly those involving virtual assets and other emerging financial threats. The UAE said that through this cooperation, the two countries seek to strengthen global financial systems and ensure greater security and stability internationally.