UAE's Progressive Strides in AML/CFT: A Model for Global Financial Integrity
When the sixth EU-UAE Structural Dialogue on Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT) was recently organized in Brussels, it highlighted the continuous determination and joint effort of both UAE and EU in fighting financial crimes as well as improving global partnership. The UAE’s significant achievements and measures taken were the focal point at this important meeting, which was held at a high level after the release of an October 2023 implementation status report. It should be noted that the UAE improved its position in the Corruption Perception Index 2023 from 27th to 26th place, scoring better, moving from 67 points last year to 68 this year .This change indicates a commitment on the side of the people of this country regarding open government principles as seen on their high point notching a single higher place higher up than before in terms of corruption rankings released annually by Transparency International. These changes demonstrate that UAE ...