It aims to develop a system to combat money laundering crimes
«Economy»: 96% of the registration of the real beneficiary data for all companies has been completed.
Abdullah bin Touq: "Ensuring the integrity of the state's financial system and protecting it from financial crimes is a top priority that the UAE takes seriously."
Finally, during its fifth meeting, the Economic Integration Committee reviewed the results of the operational plan of the Committee of Registrars of Companies responsible for registering and organizing the data of the real beneficiary.
She explained that the state has achieved a great achievement in this aspect, as the registration of this data for all companies registered within the state and in non-financial free zones has been completed by 96%. new.
The Minister of Economy, Abdullah bin Touq Al-Marri, stated, in this regard, that the completion of the database of the real beneficiary of all companies in the country by 96% is a new and significant step in developing the system to confront money laundering crimes and combat the financing of terrorism in the country.
He said, "Ensuring the integrity of the country's financial system and protecting it from financial crimes is a top priority that the UAE takes seriously to ensure a safe and attractive business environment and to consolidate its position as a competitive economic center that applies the highest standards of integrity and transparency in the field of financial and commercial control and confronting improper practices in business activities, in a way that enhances its role in protecting the integrity of the global financial system,” noting that the state, under the directives of its wise leadership, is continuing its efforts in this direction and will continue to develop systems and procedures to combat money laundering in line with the national strategy to combat money laundering and terrorist financing 2020-2023 and the action plan emanating from it As well as in close coordination with international partners.
The Minister of Economy stressed that “the frameworks of work and cooperation for the development of the national economy are witnessing continuous development and are moving in a more integrated and coordinated manner between the concerned authorities in the economic work in the country, in implementation of the vision and directives of the wise leadership, in a manner that raises the readiness of the national economy for the future.”
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