Dubai: The UAE reaffirmed its strong commitment and ongoing efforts in relation to AML/CFT, state news agency WAM reported on Friday.
The country also welcomed the FATF announcement made on Friday during the second FATF Plenary under the two-year Singapore Presidency in Paris which concluded FATF Week 2023.
During the event, the FATF recognised the high-level political commitment and significant progress shown by the country.
Authorities have made significant progress in adopting international standards for AML/CFT, which includes taking a government-wide approach to improving inter-agency coordination, expanding international cooperation to prevent and prosecute financial crime, and launching public-private partnership initiatives.
The UAE continues to implement 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 country.
Dubai: The UAE reaffirmed its strong commitment and ongoing efforts in relation to AML/CFT, state news agency WAM reported on Friday.
The country also welcomed the FATF announcement made on Friday during the second FATF Plenary under the two-year Singapore Presidency in Paris which concluded FATF Week 2023.
During the event, the FATF recognised the high-level political commitment and significant progress shown by the country.
Authorities have made significant progress in adopting international standards for AML/CFT, which includes taking a government-wide approach to improving inter-agency coordination, expanding international cooperation to prevent and prosecute financial crime, and launching public-private partnership initiatives.
The UAE continues to implement 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 country.
Source: UAE reaffirms its commitment to combating international financial crime | Markets – Gulf News
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