ABU DHABI, 28th June, 2022 (WAM) -- The Executive Office of Anti-Money Laundering and Counter Terrorism Financing signed a cooperation agreement with G42 and became the first 'Born in Cloud' (BIC) Federal entity in the UAE to setup its entire data and digital operations on G42 Cloud.
G42 Cloud's secure and high-performance infrastructure coupled with its parent company's advanced AI capabilities will offer EO-AMLCTF a wide range of benefits including full data sovereignty, agility, and shorter applications' deployment turnaround times, accelerating the entity's digital transformation and innovation journey. By being completely cloud native since the beginning, the EO-AMLCTF will also be able to benefit from best-in-class cybersecurity solutions to safeguard critical data, prevent corruption and mitigate risk.
Hamid Al Zaabi, Director-General of the UAE Executive Office of Anti-Money Laundering and Counter Terrorist Financing, said, "The integration of our office's data to a fully cloud-based operation is not only a first for the UAE, but a direct example of how we are using the latest technology to enhance our processes in combatting money laundering and terrorism financing, in line with the national leadership's vision for a digitised economy with high and effective levels of protection, readiness and responses."
The announcement builds upon Executive Office strategic goals to adapt cutting-edge technologies to support anti-money laundering and counter terrorism financing vision and mission in the UAE, and support national cadres in the field of cloud computing.
Omar AlShamsi, EO-AMLCTF's Information Technology Section Head, said, "This strategic initiative is in line with our government's mandate for digital transformation, which reflects our leadership's foresight in mapping the future of the government sector to successfully anticipate and navigate global challenges that require change. We are empowered to implement digital systems and protocols, in accordance with the best international standards."
Talal Al Kaissi, CEO, G42 Cloud, said, "The entire team of G42 Cloud is proud to partner with the EO-AMLCTF on this initiative and play a role in supporting the UAE in advancing its digital transformation journey. We are grateful to be entrusted by such an important federal government entity to support the implementation of their important mission and protect the country against money laundering and terrorism financing. G42 Cloud's solution is anchored on the principles of agility, innovation, data security, residency and sovereignty."