UAE taskforce reviews anti-money laundering measures

Thursday, 20 May 2021 15:34

By ARN News Staff

The UAE's national action plan to combat money laundering and terrorist financing has been reviewed by ministers and senior officials.

His Highness Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation chaired the meeting of the higher committee overseeing the national strategy on anti-money laundering measures.

The committee members were briefed about the national action plan's progress in addition to future plans to fully achieve the desired goals.

Discussions also focused on subsequent steps required to meet the requirements and recommendations submitted by the Financial Action Task Force (FATF).

Hamed Al Zaabi, Director-General of the Executive Office of the Anti-Money Laundering and Countering the Financing of Terrorism, made a presentation on the topic.

Also attending the meeting were Obaid bin Humaid Al Tayer, Minister of State for Financial Affairs; Hessa Essa Buhumaid, Minister of Community Development; Abdullah bin Touq Al Marri, Minister of Economy; Ahmed Ali Al Sayegh, Minister of State; Ali Saeed Matar Al Neyadi, Chairman of the Federal Customs Authority; in addition to a number of senior officials.

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