Pakistan and the Kingdom of Saudi Arabia on Thursday signed a landmark MoU to strengthen cooperation concerning anti-corruption, anti-money laundering and recovery of stolen assets.
Under this MoU, both agencies have agreed to strengthen collaboration through the exchange of information related to corruption and money laundering. Asset tracing and recovery of proceeds of crime is also a common area of interest.
The MoU envisions mutual cooperation in matters related to mutual legal assistance (MLA), and extending technical support for the preparation of MLA requests prior to their submission through diplomatic channels.
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