Joint Italy-UAE workshop in Rome boosts asset recovery cooperation

The National Committee for Combating Money Laundering, Terrorist Financing and Illegal Organisations (NAMLCFTC) of the United Arab Emirates and Italy's Guardia di Finanza concluded in Rome a workshop attended by high-level authorities from both countries, reaching agreement on a series of shared strategic priorities.

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The initiative, hosted at the General Headquarters of the Guardia di Finanza in cooperation with the General Secretariat of the NAMLCFTC, gathered representatives from various Italian and Emirati authorities with competence in this field.

In his opening remarks, Hamid Al Zaabi, Secretary General and Vice Chairman of the NAMLCFTC of the United Arab Emirates, emphasised that asset recovery represents a shared priority for the UAE, for Italy, and for the entire global FATF network. He highlighted that the economies of the two countries, which are deeply interconnected, generate opportunities but also risks, and that only through strengthened international cooperation will it be possible to disrupt illicit financial flows.

He further recalled Italy's longstanding role as a global leader in asset recovery, stressing that the UAE is today proud to be among the jurisdictions achieving significant progress in this area. The workshop was presented as a concrete outcome of the Memorandum of Understanding signed last year with the Guardia di Finanza, with the aim of marking a new milestone in bilateral cooperation and serving as an example to be replicated at the regional level.