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Iran and Pakistan sign a Memorandum of Understanding on cooperation against Money Laundering and financing of terrorism


Iran and Pakistan sign a Memorandum of Understanding on cooperation against Money Laundering and financing of terrorism
 
According to the secretariat of High Council on anti-money laundering and financing of terrorism (AML/CFT), a Memorandum of Understanding on cooperation against money laundering was signed on 11May 2014, by Dr. Taiebnia the Minister of economic affairs and finance, on behalf of the Islamic Republic of Iran and Mr. Eshaghdar minister of finance, on behalf of the Islamic Republic of Pakistan.
The parties of this memorandum of understanding being committed to strengthening the special bonds of friendship between their countries to promoting the safety, peace and prosperity of their peoples as well as to cooperating on exchange of information and expertise  in the area of Money Laundering and Terrorism Financing.
Objectives of this memorandum of understanding are as follows:
(a)   To strengthen the mutual friendship between the Parties;
(b) To enhance cooperation between the Parties and their financial intelligence units for prevention and deterrence of money laundering and financing of terrorism by signing this MOU
(c)   To provide a framework for the exchange of financial intelligence, information and assistance relating to money laundering and financing of terrorism;
(d) To assist each other to further analysis and investigations of money laundering, financing of terrorism and serious offences through the exchange of financial intelligence, information and other assistance;
 
It should be mentioned that due to long borders between Iran and Pakistan and the necessity of enhance the security in the region, the issue of signing MOU on AML/CFT was seriously considered at 18th joint economic commission between Iran and Pakistan.

 
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