WAM The Anti-Money Laundering and Suspicious Cases Unit (AMLSCU) at the Central Bank finalized the memorandum of understanding (MoU) with the Financial Information Unit of Madagascar.

The MoU was signed at the Central Bank by Abdul Rahim Al Awadhi, the Executive Director and Head of AMLSCU, Saeed Abdulla Al-Hamiz, Assistant Governor of the Central Bank for Banking Supervision and on behalf of Madagascar by Jean Claude Razaraniaina, the Director General of Madagascar's Financial Intelligence Unit, or SAMIFIN, and Harinavalona Rafalomanda, head of SAMIFIN's Legal Affairs Department.

The agreement provides for cooperation in various spheres on the exchange of financial intelligence on money laundering and terrorist financing.

WAM/MMYS