UAE President honours committee overseeing national strategy on anti-money laundering, counter-terrorism financing
Foreign Minister Abdullah bin Zayed Al Nahyan has been awarded the Order of the Union
Abu Dhabi: UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan has awarded Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs, the Order of the Union and awarded committee members, other Ministers, and senior officials the Order of Zayed II First Class, in recognition of the committee's achievements in UAE's removal from FATF’s list of ‘Jurisdictions under Increased Monitoring’.
FATF is an international organisation dedicated to combating money laundering and terrorist financing.
During the meeting at Qasr Al Bahr in Abu Dhabi in the presence of Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi, the President congratulated committee members on this success and expressed his appreciation for the significant efforts that contributed to achieving this milestone, according to state news agency WAM.
“This decision enhances the country's global reputation, strengthens confidence in its financial system and national framework for combating money laundering and terrorism financing, and serves its strategic plans to establish commercial and economic partnerships with other countries across the world,” said WAM in a report.
Sheikh Mohamed affirmed that this success is the culmination of the efforts of many entities to develop the nation’s plans to combat money laundering and terrorism financing.
He said the UAE is committed to enhancing its competitiveness and establishing itself as a premier financial centre and preferred destination for business and investment. As a responsible member of the international community, Sheikh Mohamed said, the UAE steadfastly combats money laundering and actively works to eliminate funding channels for terrorism.
His Highness added that the UAE will continue to work in cooperation with its partners and concerned entities worldwide to combat financial crime and support best practices in this regard, to enhance the global financial and trade system and serve shared interests.