Saudi Arabia has signed a MoU with Pakistan for enhanced cooperation against money laundering and terrorist financing. The approval occurred during a cabinet meeting where discussions included international diplomacy and regional stability. Notable outcomes include the establishment of Interpol’s regional headquarters in Saudi Arabia and agreements for visa-free travel with Tajikistan and Azerbaijan.
Saudi Arabia has established a memorandum of understanding (MoU) with Pakistan aimed at enhancing collaboration in tackling money laundering and terrorist financing. This initiative was approved during a cabinet meeting chaired by Crown Prince Mohammed bin Salman where various security and diplomatic topics were discussed.
The Saudi cabinet, led by Crown Prince Mohammed bin Salman, acknowledged recent diplomatic dialogues, including those with the presidents of Syria and Germany. They also highlighted ongoing negotiations with Japan regarding regional stability and international diplomatic cooperation.
A significant decision made during the meeting was the announcement that Saudi Arabia will host the regional headquarters for Interpol, targeting the improvement of counter-terrorism and crime-fighting efforts across the Middle East and North Africa.
The council welcomed a final statement from the Arab ministerial consultative meeting on Palestine, advocating for a sustained ceasefire and enhanced humanitarian aid to Gaza. Additionally, agreements were made concerning security cooperation with Qatar and visa-free travel for diplomatic passport holders from Tajikistan and Azerbaijan.
Structural changes included transferring licensing authority in the financial and accounting sectors from the Ministry of Commerce to the Saudi Authority for Auditors and Accountants, reinforcing regulation in these critical areas. The cabinet session concluded with a review of annual reports from various government entities, underscoring the administration’s focus on effective governance.
The new MoU between Pakistan and Saudi Arabia is part of a broader commitment to combat financial crimes, including money laundering and terrorist financing, reflecting a global consensus on the need for international cooperation in these areas. The establishment of an Interpol regional headquarters emphasizes Saudi Arabia’s strategic position in facilitating international law enforcement collaboration.
In conclusion, the establishment of the MoU between Pakistan and Saudi Arabia marks an important step in international cooperation against money laundering and terrorism. The recent cabinet meeting also highlighted significant diplomatic activities and regional security initiatives, including hosting of the Interpol headquarters and strengthening ties with other nations in pursuit of stability and humanitarian efforts.
Original Source: tribune.com.pk
