A high-level coordination meeting on anti-money laundering and countering the funding of terrorism (AML/CFT) was hosted by Sheikh Mansour bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Presidential Affairs, to discuss the UAE’s progress in combating financial crime.
Representatives from the UAE’s Ministry of Foreign Affairs and International Cooperation (MoFAIC) and the Executive Office for AML/CFT presented on the UAE’s strategy to boost its anti-money laundering efforts during the conference. The UAE is closely collaborating with its foreign partners to uncover and prosecute criminals and illicit financial networks.
In recent years, the UAE has made important measures to prevent financial crime, building on its strict adherence to defend the integrity of the global financial system. The UAE Expert Group for AML/accomplishments CFT’s were also highlighted, with a special focus on the training and advancement of AML/CFT experts in the UAE as part of measures to establish a talent team of anti-financial crime professionals. This has resulted in increased awareness of the UAE’s significant success in the field of financial crime prevention and the establishment of direct channels of communication between UAE professionals and major foreign colleagues.
The UAE’s commitment to international effort on this issue was highlighted by the country’s AML/CFT partnerships, including the UAE-UK Partnership to Combat Illicit Financial Flows and the EU Structural Dialogue. Also mentioned were capacity development sessions and workshops with relevant jurisdictions, including 31 capacity building meetings that resulted in a robust exchange of AML/CFT best practises at the international level.
This meeting was attended by various public figures
Source: Gulf News
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