The United Arab Emirates has strengthened its global position in the fight against financial crimes and illicit financing by stepping up its efforts to combat money laundering and the financing of terrorism. It has done this by putting in place efficient measures to address financial crime in accordance with international best practices.
In this regard, the UAE is maintaining its efforts to strengthen its standing as a competitive economic centre by upholding the strictest standards of honesty and openness in the supervision of commerce and finance. By passing strong laws and regulations to improve its legal and regulatory framework, the country has reaffirmed its commitment to preventing money laundering and the financing of terrorism.
The UAE is still closely collaborating with the Financial Action Task Force (FATF) and other international partners to safeguard the world economy and international community against the dangers of money laundering and financing of terrorism. Through the execution of its National Strategy and Action Plan 2024–2027, the nation hopes to take the lead globally in this area. Due to the UAE’s initiatives, worldwide risk rankings have improved recently. Based on the Country Risk Classification published by the London Stock Exchange Group.
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