He chaired the meeting of the Higher Committee for Supervising the National Anti-Money Laundering Strategy
Abdullah bin Zayed: The UAE continues its role in protecting the integrity of the global financial system
Abdullah bin Zayed chaired the 13th meeting of the Anti-Money Laundering Strategy Committee.
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H.H. Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation, chaired the 13th meeting of the Higher Committee for Supervising the National Strategy to Combat Money Laundering and Terrorist Financing, which was held at the headquarters of Expo 2020 Dubai.
His Highness stressed during the meeting that the UAE continues to seriously play its role in protecting the integrity of the global financial system.
The Governor of the Central Bank of the Emirates and Chairman of the National Committee for Combating Money Laundering and Financing of Terrorism and the Financing of Illicit Organizations, Khalid Mohammed Salem Balama Al Tamimi, briefed the members of the Committee on the latest developments and the positive progress being made in building specific institutional capacities in assessing national risks, the national action plan and the national strategy To combat money laundering and terrorist financing.
The UAE works closely with the Financial Action Task Force (FATF), the intergovernmental body that sets international standards to combat money laundering and terrorist financing, to ensure that the legal, regulatory and operational standards in force in the country meet global standards to protect the financial system, and that these standards remain sustainable. The long-term.
As part of this process, the committee also reviewed the progress made by the UAE in recent months, as stated in its latest update to the Financial Action Task Force, the Middle East and North Africa Financial Action Task Force, and relevant international bodies.
The committee expressed its happiness to see the technical compliance and effectiveness of many of the established procedures, which illustrate the continuous efforts made by the UAE, in coordination with the Executive Office to Combat Money Laundering and Terrorist Financing.
The committee also commended the government's intensified efforts to significantly enhance the framework for combating money laundering and terrorist financing, and addressing the actions recommended in the FATF's Mutual Evaluation Report through the 10 direct results.
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