UAE President awards anti-money laundering committee with Order of Zayed
Sheikh Abdullah bin Zayed Al Nahyan, the Minister of Foreign Affairs, alongside the committee responsible for anti-money laundering and counter-terrorism financing, received the prestigious Order of Zayed II First Class from UAE President Sheikh Mohamed bin Zayed Al Nahyan. This esteemed recognition was bestowed upon the committee in acknowledgment of their pivotal achievement in facilitating the removal of the UAE from the Financial Action Task Force's (FATF) list.
The FATF, an international organization dedicated to combating money laundering and terrorist financing, plays a crucial role in safeguarding global financial systems from illicit activities.
Expressing his heartfelt congratulations to the committee members, Sheikh Mohamed commended their exemplary dedication and significant contributions that led to this remarkable success. He underscored the importance of their efforts in not only securing the UAE's removal from the FATF list but also in fortifying the nation's reputation on the global stage. This achievement not only reinforces confidence in the UAE's financial system but also aligns with its strategic objectives of fostering robust economic partnerships with nations worldwide.
Sheikh Mohamed emphasized that this milestone represents the culmination of collaborative efforts across various entities within the UAE. He lauded the coordinated actions of ministries, federal and local government agencies, and the private sector, highlighting their collective commitment to combating money laundering and terrorism financing. Such concerted efforts have been instrumental in advancing the nation's objectives in this critical domain.
Furthermore, Sheikh Mohamed underscored the significance of this achievement in enhancing the UAE's standing within the international community. By adhering to stringent anti-money laundering and counter-terrorism financing measures, the UAE has demonstrated its unwavering commitment to upholding global financial integrity standards. This, in turn, paves the way for deeper commercial and economic engagements with other nations, fostering mutual trust and cooperation on the global stage.
The success of the anti-money laundering and counter-terrorism financing committee reflects the UAE's steadfast resolve to combat financial crimes effectively. Through robust regulatory frameworks and proactive measures, the nation continues to safeguard its financial system from illicit activities, thereby ensuring stability and security in the economic sphere.
In conclusion, the recognition bestowed upon the committee with the Order of Zayed II First Class symbolizes the UAE's unwavering commitment to combating money laundering and terrorism financing. This accolade not only underscores the committee's exceptional achievements but also highlights the UAE's dedication to upholding the highest standards of financial integrity on the global stage.
By: Sahiba Suri
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