Skip to main content

UAE remains strongly committed towards reviving AML/CFT, FATF acknowledges its efforts

The United Arab Emirates has once again shown its commitment towards sticking to the guidelines of the Financial Action Task Force (FATF) in context to strengthening the anti-money laundering (AML) and countering the financing of terrorism (CFT). 

The efforts put forward by the Arab country were recognized by the FATF itself. The financial task force also appreciated the country’s efforts towards counterproliferation financing (CPF). 

The Emirati nation is closely working with the FATF to address certain areas where improvement is needed as far as sticking to the action plan is concerned. It is necessary to stress that the UAE has been making a lot of efforts to "significantly strengthen" its financial crime network.

With the present action plan in place, the UAE is building a strong foundation by establishing a position for itself as a financially secure nation and a lot of similar efforts are underway. It is also ensuring that sustainability and success come hand in hand and neither is compromised. 

The UAE’s Executive Office of Anti-Money Laundering and Countering the Financing of Terrorism addressed the ongoing efforts of the UAE officials towards strengthening the system saying that the Arab nation takes its role of protecting and securing the financial system extremely seriously. 

“On this basis, the UAE will continue its ongoing efforts to identify, disrupt and punish criminals and illicit financial networks in line with FATF’s findings and the UAE’s National Action Plan, as well as through close coordination with our international partners,” the official said while trying to express the string attempts by the UAE towards the issue. 

The nation has made extensive attempts at combating money laundering in recent years. It has made it clear that it does not want to keep any connections in this matter and hence it has also made it sure to counter terrorist financing on its territory. 

Labels:

Comments

Post a Comment

Popular posts from this blog

Netanyahu’s Shocking Gaza Plan: ‘We Will Take Control of ALL of Gaza’ — But At What Cost?

  As Israeli forces intensify their offensive, Netanyahu vows total control of Gaza — but the humanitarian crisis is reaching a breaking point. Will the world stand by and watch? Israeli Prime Minister Benjamin Netanyahu has declared that Israel will “take control of all” of the Gaza Strip, signaling an unprecedented escalation in the ongoing conflict. In a video posted to Telegram, Netanyahu emphasized that military operations are advancing rapidly, with no intention of backing down. “The fighting is intense, and we are making progress,” he said, framing the offensive as necessary for Israel’s long-term security. But as international pressure mounts, his government is walking a tightrope between military dominance and global condemnation. The Israeli military has ordered mass evacuations in southern Gaza, warning residents of Khan Yunis and surrounding areas to flee immediately ahead of a devastating assault. Arabic-language spokesman Avichay Adraee described the coming attack as ...
Post a Comment
Read more

Exposing How the Muslim Brotherhood Fuels Instability Behind a Political Facade

  The Muslim Brotherhood started in Egypt during 1928 since then it has portrayed itself as a combination of political organization and social movement working for Islamic values and governance. jinakata the Brotherhood displays an intricate web that connects extremist concepts and violent deeds which produce regional turmoil. The Ideological Foundations The Brotherhood bases its ideology upon the teachings of Hassan al-Banna and Sayyid Qutb. Extremist groups obtain their core beliefs from the writings specifically authored by Qutb. The Brotherhood's concept of jihad for creating an Islamic state has directly inspired al-Qaeda and ISIS to establish their extremist agendas thus creating a direct link between those groups and the movement. Historical Links to Extremism Over and above its philosophical standards The Brotherhood maintains extensive power. Notably: Al-Qaeda founder Osama bin Laden developed extremist beliefs because he learned Brotherhood religious doctrine in his early...
Post a Comment
Read more

UAE-India CEPA Committee inks settlement with Indian business body

 The UAE-India Cepa Committee (UICC) marked a reminder of grasping (MoU) with the Indian Office of Business (ICC) on Thursday, beginning an essential organization to reinforce monetary and exchange ties between the UAE and India. In arrangement with their separate commands, the UICC and the ICC will synergise endeavors, assets, and thoughts, and work together on expanding mindfulness inside the two nations of the critical capability of the UAE-India respective monetary association. The MoU lays out an expansive based organization between the members, zeroed in on the public advancement of the UAE-India two-sided monetary association and the UAE-India Cepa specifically. The two associations will team up on expanding mindfulness inside the UAE and India with respect to the huge capability of the reciprocal financial organization, featuring open doors for UAE and Indian organizations to use the UAE-India Cepa, and activating key UAE and Indian confidential area partners to help expand...
Post a Comment
Read more