NIZHNY NOVGOROD – Chairman of the Egyptian Money Laundering and Terrorist Financing Combating Unit (EMLCU) Judge Ahmed Said Khalil asserted the importance of the inclusion of the EMLCU in the BRICS Council on Anti-Money Laundering and Counter-Terrorist Financing (AML/CFT).
He pointed out that the AML/CFT represents an effective platform to combat financial crimes and an important positive step in light of its role in enabling its member states from exchanging expertise to improve the national combating systems.
This came on Thursday in Khalil’s word during is participation in the 24th meeting of the AML/CFT held in Nizhny Novgorod in Russia after Egypt’s inclusion in its membership.
Khalil said the EMLCU inclusion comes in light of the importance of regional and international cooperation to exchange expertise for better practices in the field of financial crimes combating.
This stems from the faith of the Egyptian state in the importance of international co-operation and coordination to combat financial crimes.
Money launching and financing terror crimes demand effective cooperation and coordination at the local, regional and international levels including establishing effective partnerships with the private sector and the civil community to face these crimes effectively, he said.
The Egyptian state is keen on joining international and regional agreement related to the field of money laundering and financing terror.
