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The Kingdom of Saudi Arabia and the Kingdom of Belgium have signed, within the framework of their ongoing bilateral cooperation, a Memorandum of Understanding for cooperation in exchanging financial facts linked to money laundering, terrorism financing and relevant crimes.

The Memorandum was signed on March 2, 2018, between the Saudi Arabia Financial Investigation Unit represented by Mr. Otaibi al-Maliki and the Belgian Financial Intelligence processing Unit, represented by Mr. Philippe de Koster.