The UAE will host Expo 2020!
  • Arabic
Supported by the UAE National Media Council
We are in the process of developing and improving our website, and we invite you to participate in our brief survey to measure the level of your satisfaction
Satisfaction Survey For UAE Interact Website
رغبة منا بالتعرف على مستوى رضاكم عن موقعنا وبهدف تطويره وتحسينه، فقد قمنا بتصميم استبيان سريع لقياس مدى الرضا عن موقع دولة الإمارات العربية المتحدة روعي في تصميم الاستبيان أن يكون قصيرا وسريعا كي لا نطيل عليكم، وعليه نرجو منكم التكرم باستكماله عن طريق الرابط التالي
استبيان رضا المتعاملين عن موقع دولة الإمارات العربية المتحدة

UAE and Canada plan action against money laundering

posted on 21/09/2005: 1549 views

The UAE and Canada may join forces to curb money laundering after senior financial experts from both countries met recently in Ottawa, a Canadian minister said. The UAE delegation, headed by Sultan Bin Nasser Al Suwaidi, Governor of the Central Bank and Chairman of the National Anti-Money Laundering Committee, met Canadian Central Bank and Fintrack officials.

"The Governor said he had excellent discussions and (the UAE) is looking at means of further cooperation in the future," James Petersen, Canadian Minister of International Trade, told Gulf News on Monday. Canada has formed an institution to combat money laundering called Fintrack (Financial Transactions and Reports Analysis Centre). Financial institutions and all providers of financial services are required to report certain transactions to this body. It analyses the reports for links to money laundering or terrorist-financing activities.

In March, the UAE announced at a GCC-European Union seminar on combating terrorism that it had frozen 17 suspicious bank accounts totalling Dh4.95 million. The UAE has the region's first anti-money laundering body with over 100 specialists.

Petersen also said that he looked forward to Etihad's inaugural flight to Toronto. He said good transportation was the key to increasing tourism and business and hoped that there would be six weekly flights as agreed upon. (The Gulf News)


29 June 2017 Mohamed bin Zayed gets phone call from Bill Gates
22 June 2017 Mohamed bin Zayed, Serbian President discuss bilateral ties of friendship, cooperation
22 June 2017 Mohamed bin Zayed holds talks with French President
22 June 2017 Abu Dhabi Crown Prince, French FM discuss strengthening relations
14 June 2017 Mohamed bin Zayed and President of Russia discuss regional development, efforts to combat terrorism

Most Read