Global Courant 2023-04-14 11:18:21
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The United Arab Emirates (UAE) Expert Group for Anti-Money Laundering and Combatting the Financing of Terrorism (AML/CFT) held several productive meetings with its international counterparts in late 2022 and early 2023.
The UAE delegation, coordinated by the Ministry of Foreign Affairs and International Cooperation, also included representatives from the Executive Office for AML/CFT, Central Bank of the UAE, Financial Intelligence Unit of the UAE, Ministry of Economy, Ministry of Finance, Ministry or Justice, law enforcement agencies and the Control and Non-Proliferation Executive Office.
Expert Group meetings over the past few months built on existing bilateral discussions with partners including Australia, Canada, Singapore, Japan, South Africa, Italy, France, India, Spain and the European Union.
In addition to discussing the UAE’s AML/CFT progress and measures taken in recent months to improve the system and close existing gaps, technical talks on topics of global concern took place.
These include the exchange of best practices on supervision of financial institutions and designated non-financial firms and professions, beneficial ownership transparency and the use of financial intelligence.
Mr. Rashed Al Teneiji, Deputy Director of the Department of Economic and Trade Affairs at MoFAIC, said: “The spirit of international partnership and cooperation anchors the UAE’s efforts to protect the integrity of the global financial system. We welcome the opportunity to share information, exchange ideas and discuss experiences with our international partners. These forums provide a remarkable platform to explore the latest developments in surveillance structures across the economy and the financial crime compliance frameworks that underlie them.
Distributed by APO Group on behalf of the United Arab Emirates Ministry of Foreign Affairs and International Cooperation.
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United Arab Emirates (UAE) Expert Group
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