4th issue of Al Manara: Anti-Financial Crime Newsletter of UAE

4th issue of Al Manara: Anti-Financial Crime Newsletter of UAE

The UAE has announced the publication of the fourth edition of Al Manara Newsletter, as part of the UAE's relentless efforts to combat financial crime and raise awareness of the public and private sectors in the field of Anti-Money Laundering and Countering the Financing of Terrorism (AML and CFT).

The newsletter sheds light on recent initiatives undertaken in the UAE to upgrade the AML and CFT framework and rectify identified shortcomings in the domestic financial compliance system. In particular, this issue has focused on measures adopted and progress achieved in areas such as international cooperation, domestic coordination, law enforcement initiatives, and public-private partnerships.

The newsletter, which is published as a joint initiative between the Ministry of Foreign Affairs and International Cooperation (MoFAIC) and the Executive Office for AML/CFT (EO), is accessible online in Arabic and English on MOFAIC's websites: https://www.mofaic.gov.ae/en/open-data

Hamid Al Zaabi, Director-General of the Executive Office for AML/CFT, said,

"We developed this newsletter to educate, inform and share widely the clear-sighted steps the UAE is taking to tackle the complex and ever-evolving threat of global financial crime. There is still much work to do, but we take encouragement from our progress so far.

"We look to 2022 with a clear objective: to accelerate our abilities in detecting, investigating and understanding money laundering and terrorist financing as we advance financial crime compliance frameworks in the UAE and worldwide."

News Source: Emirates News Agency

- Advertisement -
Dark Light