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 backs global anti-money laundering campaign

posted on 14/06/2004: 1363 views


The UAE yesterday reiterated its full cooperation and support for global anti-money laundering campaign as per regional and international agreements and conventions. 'The UAE Central Bank doesn't open secret accounts and gives firm orders to banks and financial institutions not to do so,' said Abdul Rahim Al Awadi, Executive Director of the Anti-Money Laundering and Suspicious Cases Unit, AMLSCU, of the Central Bank. He told the third annual conference on risk management in the banking sector that the UAE had cooperated with the US and other countries in the fight against terrorism and money laundering. '



'We have received teams from the US, the UK, Germany, Pakistan and the GCC countries as part of investigations to trace funds in connection with financing terrorism and money laundering,' he added. At the end of 2002, he noted the UAE issued important regulations to banks, moneychangers and financial institutions related to suspicious transactions and customer identification and froze accounts of suspicious individuals and companies. (The Emirates News Agency, WAM)

RELATED ARTICLES

26 January 2017 UAE Anti Money Laundering and Suspicious Cases Unit signs cooperation MoU with Egyptian counterpart
16 June 2013 NAMLC discusses report on of legal, regulatory, supervisory and corporate framework enhancement for anti-money laundering
30 May 2013 UAE to tighten disclosure law
21 March 2013 National Anti-Money Laundering Committee holds first meet for 2013
15 July 2012 UAE steps up fight vs. money-laundering


Most Read