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:

1. Support the national framework for reducing financial crimes

2. Strengthen compliance with relevant international standards

3. Enhance institutional integration between regulatory and executive bodies

4. 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