SEDD organizes “Anti-Money Laundering” Workshop

Sharjah Economic Development Department “SEDD”, in cooperation with Sharjah Police Headquarter, organized a workshop entitled “Anti-Money Laundering” in participation of 30 employees from both sides. The workshop aimed at is to enhance cooperation between the two entities in the field of combating money laundering, increase legal education and awareness among employees, and improve work outcomes. This is part of efforts to enhance their capabilities and provide them with the knowledge necessary to perform their duties, which in turn contributes to providing a stimulating investment environment that ensures the sustainability and development of the business community in the emirate.

The workshop highlighted couple of topics including defining the concept of money laundering under UAE law and its stages of development. The second topic addressed the methods and stages of money laundering and associated patterns, while the third topic addressed the role and efforts of law enforcement agencies. The workshop also highlighted several important topics for implementing approved standards in various fields of work.

Commenting on that, Hamad Al Midfa, Deputy Director of Legal Affairs Department at the Department, pointed out that SEDD attaches special importance to the series of legal seminars and workshops and works to monitor all developments of interest to the emirate's business community, with the aim of increasing legal awareness.

Likely, Al Midfa emphasized on the importance of coordinating with strategic partners to organize mutual workshops that enhance integration between government agencies and unify efforts, reflecting Sharjah's commitment to implementing laws and legislation and serving all sectors in accordance with the directives of the emirate's wise leadership. He also pointed to the Department's efforts in training and qualifying the concerned ones.