A workshop in Rome between the UAE and Italy on enhancing asset recovery
Rome on October 1 / WAM / The National Committee to counter money laundering and combating terrorist financing, financing of illegal organizations and the Italian Financial Guard Police in the capital, Rome, concluded a joint workshop attended by senior officials of the two countries.
During the workshop, a consensus was reached on a set of joint strategic priorities to enhance international cooperation and recover assets.
His Excellency Hamid Al -Zaabi, Secretary -General and Vice -Chairman of the National Committee, stressed that the recovery of assets is a common priority for the UAE, Italy and the international financial working group network (FATF), explaining that the economists of the two countries, despite their close bonding and their opportunities, also face risks that require strengthening international cooperation to cut off illegal financial flows. He explained that the workshop constitutes a tangible fruit for the memorandum of understanding signed last year with the Italian Financial Guard, and a new stage in the march of bilateral cooperation, which can be built on it as a role model at the regional level.
For his part, the first team, Giuseppe Arbori, Chief of Staff of the Italian Financial Guard, stressed that the recovery of assets is an essential pillar of economic and financial security, and that the discussions come within the framework of fruitful relations between Italy and the UAE, in line with the protocol signed in Abu Dhabi in 2024.
He stressed the importance of international cooperation, exchange of experiences and best practices as essential elements to enhance the joint response against economic and financial crimes.
Discussions confirmed the pivotal role of financial information is an essential tool to identify and track unlawful assets, in addition to adhering to enhancing international cooperation, bilateral and multiple parties, through major global networks and platforms and stressed the need to unify greater legal and judicial procedures to activate reservation and confiscation orders more effectively, in addition to focusing on managing confiscated assets and re -employing them socially in a way that brings them back to society within a framework of transparency And accountability, enhance joint training and the ability to face emerging risks, including associated with electronic crimes and digital assets.
The UAE and Italian authorities emphasized that the common strategic priorities that have been approved represent a road map for their bilateral partnership, and is a reference for all countries seeking to build more powerful and effective frameworks in the field of asset recovery.
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