UAE, KSA clamp down on money laundering

123RF / Allan Swart

The UAE and Saudi Arabia have signed an agreement to crack down on financial terrorism.

The MoU between the two countries will include the development of a network that shares data to help in the battle against money laundering.

Officials of the UAE's Financial Intelligence Unit and Saudi Arabia Financial Intelligence Unit were present at the signing, which reflects strong ties between the two nations.

More from Business

Coming Up on Dubai Eye

  • Nights on Dubai Eye 103.8

    12:00am - 7:00am

    Dubai Eye complements the conversation with the music you love from the eighties, nineties and newer.

  • The Business Breakfast

    7:00am - 10:00am

    The Business Breakfast is the day’s must listen for the UAE’s business leaders, and those who aspire to be.

On Dubai Eye

  • Tony Robbins Live in Dubai

    Najahi Events presents the highly anticipated Tony Robbins Event, Achieve the Unimaginable with Celebrity Guest Appearances, Live at the Coca Cola Arena, 3rd September.

  • The Business Breakfast Podcast

    Hear the highlights and the best interviews from The Business Breakfast with Malcolm, Brandy & Richard.