Saudi Arabia, UAE sign pact to boost intelligence cooperation

The UAE's Financial Intelligence Unit (FIU) has signed an agreement with Saudi Arabia’s Financial Intelligence Unit, aiming to further strengthen the cooperation between the two agencies.

The strategic partnership will include the development of shared network platforms which will allow for enhanced knowledge sharing between the two agencies, according to news agency Wam.

The data shared will support both entities in the ongoing battle against money laundering and financial terrorism, it said.

The memorandum of understanding (MoU) was signed by Ali Faisal Ba'Alawi, acting head of FIU, and Brigadier General Otaibi Bin Khader Al Malki, director of FIU Saudi Arabia.