Bahrain-KSA sign memo on countering money laundering, funding terrorism

Manama, The Financial Intelligence Directorate (FID) at the Interior Ministry signed a memorandum of understanding (MoU) with the Saudi Arabian General Directorate of Financial Intelligence to exchange information about money laundering, funding terrorism and related predicate crimes.

FID Director Shaikha Mai bint Mohammed Al Khalifa underlined the importance of signing the memo to boost cooperation between the two brotherly countries in countering money laundering and funding terrorism. She praised historical relations between the two brotherly countries which contribute to the solidity of security and strategic interconnectedness.

The two delegations reviewed during the meeting issues of mutual concern and fields of coordination with regard to combating money laundering and financing terrorism.

Source: Bahrain News Agency