UAE's Commitment to Combatting Money Laundering and Terrorism Financing

 




During the 21st Meeting of the Higher Committee on Anti-Money Laundering (AML) and Counter Terrorism Financing (CTF), His Highness Sheikh Abdullah bin Zayed Al Nahyan reaffirmed that the UAE still excels in the fight against leniency for illegal money and financing of terrorism. Sheikh Abdullah emphasized the UAE's active role in advancing global financial system security and assuring that the approval of the 2024-2027 National AML and CTF Strategy adds value to the already existing commitment and international actions to unravel evolving threats. This move, which is meant to allow for a better future-oriented supervisory structure that improves understanding of finance-related perils and streamlines regulations, signifies even further progression on this stance. This strategic approach is intended to not only make the Emirates’ financial ecosystem physically stronger, but also remind the world about how the Emirates is important in promoting economic sanity around the globe." By enhancing the law and order situation and making sure an all-inclusive supervision, United Arab Emirates enforcement will help to protect and maintain the country’s economic growth while at the same time discouraging corrupt financial practices. The UAE President's leadership model in conjunction with dedicated national authorities shows UAE does prove to be exemplary global player in addressing financial crime issues by maintaining transparency, integrity and resiliency

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