RIYADH — Attorney General Sheikh Saud Bin Abdullah Al-Muajab here Wednesday signed a memorandum of understanding with Chairman of Capital Market Authority (CMA) Mohammed Bin Abdullah Al-Quwaiz in the field of fighting money laundering and financing of terrorism.

The memorandum of understanding included several items that frame the work of the two parties in implementing the National Strategy for Anti-Money Laundering and Terrorism Financing.

The MoU also puts joint mechanisms to activate coordination and exchanging expertise, in addition to forming an action team to supervise the implementation of the MoU.

It is worth mentioning that the Public Prosecution, over the past few months, has signed several memorandums of understanding with local authorities to activate coordination and integration among government agencies in a way that can serve national interests. — SPA