The Ministry called on the companies practicing such activities to enhance their awareness and knowledge on the risks of money laundering and keep pace with the government's efforts in this regard.
The UAE Cabinet has approved the establishment of the Executive Office of the Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT).
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ABU DHABI, 24th February, 2021 (WAM) The UAE Cabinet, chaired by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, has approved the establishment of the Executive Office of the Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT).
The Executive Office will oversee the implementation of the UAE’s National AML/CFT Strategy and National Action Plan (NAP), the programme of reforms designed to strengthen the UAE’s anti-financial crime system.
Hamid Al Zaabi has been officially appointed as.
Hamid Al Zaabi has been officially appointed as the Director-General of the Executive Office of the UAE, which will report directly to the Higher Committee overseeing the UAE’s National AML/CFT Strategy.