UAE's steps to strengthen anti-money laundering

UAE has made a noticeable progress in improving anti-money laundering

The UAE has shown its firm obligation to work intimately with FATF to address remaining areas of progress relating tofinancing of terrorism, proliferation financing the execution of an activity plan.

Noticing that the UAE has “altogether fortified” its anti financial crime framework, the activity plan expands on the firm establishments laid out and significant endeavours currently in progress.

Remarking on the country's continuous endeavors to battle financial crime, the UAE's Executive Office of Anti-Money Laundering and Countering the Financing of Terrorism said, "The UAE plays its job in safeguarding the respectability of the worldwide financial frameworkgenuinely and will work intimately with the FATF to rapidly cure the areas of progress recognized. On this premise, the UAE will proceed with its continuous endeavors to recognize, disrupt and take actions against criminals.

The UAE’s commitment to propelling endeavors to battle tax evasion and counter terrorism  financing stays a key support point supporting the country’s status as an alluring worldwide business center that works in accordance with global principles. Additionally, robust stepe and continuous measures made by the UAE Government and private area are set up to get the strength and uprightness of the country’s financial system.