Khaleej Times, Saturday, Feb 25, 2023 | Sha'ban 05, 1444
UAE reaffirms its commitment to combating international financial crime
The UAE reaffirms its strong commitment and ongoing efforts in relation to
anti-money laundering and countering the financing of terrorism (AML/CFT) and
continues to work closely with the Financial Action Task Force (FATF).
The UAE welcomes the FATF announcement made on Friday during the second FATF
Plenary under the two-year Singapore Presidency in Paris which concluded FATF
During the event, the FATF recognised the high-level political commitment and
significant progress shown by the country.
The UAE authorities have made significant progress in adopting international
standards for AML/CFT, which includes taking a government-wide approach to
improving inter-agency coordination, vastly expanding international cooperation
to prevent and prosecute financial crime and launch notable public-private
The UAE continues to implement an array of sophisticated and significant actions
to combat financial crime and strengthen the effectiveness of the AML/CFT
framework in line with the National Strategy for AML/CFT and the National Action
Plan of the UAE.
Statement by the Executive Office of AML/CTF:
"The UAE welcomes the FATF statement today which recognises the significant
progress made to date in the UAEs AML/CFT framework. The UAE is committed to
advancing global efforts to safeguard the international financial system from
malicious actors and perpetrators of financial crime, both at home and abroad.
The UAE has dedicated significant human capital and investment in strengthening
its AML/CFT system to disrupt illicit financial flows in a proactive and
coordinated manner. Cooperation with international partners is essential in this
regard to bolster collective efforts against financial crime. The UAE will
continue working concertedly to bolster its position as one of the most trusted
and resilient economies worldwide."