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UAE Anti-money laundering body reviews latest developments

Abu Dhabi: The National Committee for Combating Money Laundering and Financing of Terrorism and Illegal Organisations (NAMLCFTC) held its second meeting for the year 2021 on, March 4, 2021 and reviewed the latest developments. Abdulhamid M. Saeed Alahmadi, Governor of the Central Bank of the UAE (CBUAE) and Chairman of the NAMLCFTC inaugurated the meeting to discuss the latest developments in countering money laundering and combating financing of terrorism in the UAE. The meeting was held in the presence of Ahmed Ali Al Sayegh, Minister of State (UAE) and Chairman of Abu Dhabi Global Market. “As the UAE is a global financial centre, we are committed to undertake all necessary actions and implement them to strengthen the AML/CFT framework of the UAE. We will continue to fight against money laundering and financing of terrorism with a strong technology framework and processes, address AML/CFT issues and provide effective solutions to mitigate related risks that can face our nationa

UAE discusses measures against anti-money laundering

UAE discusses measures against anti-money laundering Wam/Abu Dhabi Filed on March 6, 2021 The National Committee for Combating Money Laundering and Financing of Terrorism and Illegal Organisations approves counter-measures that designated businesses and identified non-financial professions must apply in relation to dealing with high-risk countries The National Committee for Combating Money Laundering and Financing of Terrorism and Illegal Organisations (NAMLCFTC) held its second meeting for 2021 on March 4. Abdulhamid M. Saeed Alahmadi, Governor of the Central Bank of the UAE (CBUAE) and Chairman of the NAMLCFTC inaugurated the meeting to discuss the latest developments in countering money laundering and combating financing of terrorism in the UAE.

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