•  Combatting Money Laundering & Terrorism Financing

 

We Commit To..
Taking Measures to Combat Money Laundering and Terrorism Financing Crimes

The UAE is committed to combatting illegal financial activities such as money laundering and financing of terrorism. The country’s policies and strategies detect and deter financial crimes on its soil, and prevent the use of its lands as a transit route or to transfer funds resulting from any criminal activity. The UAE also supports global efforts to counter money laundering and combat the
​​​​financing of terrorism, seeking to fully implement the standards of the Financial Action Task Force (FATF).


The Path to Combatting Financial Crimes Through the Years
Initiatives to Combat Money Laundering in the UAE

The UAE has taken major steps during the past years to set the legal framework and identify institutional paths for implementing the procedures and measures that would contribute to countering money laundering and combatting the financing of terrorism and illegal organisations.

 

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 What is Money Laundering?

Money laundering is defined as any financial or banking transaction aimed at concealing or changing the source of illegally obtained funds, by passing it through the financial and banking system in order to make it appear as originating from legitimate sources, and then re-pumping and investing it illegally.


Learn about..
The Risks of Money Laundering and Terrorism Financing
​​​

Economic recession​​​​​​

Increase in crime and corruption

  • Threat to economic stability

  • ​​​​Weaken financial institutions

 
Organisational Chart for
Anti-Money Laundering Framework in the UAE

 

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A paragraph is a self-contained unit of a discourse in writing dealing with a particular point or idea. Paragraphs are usually an expected part of formal writing, used to organize longer prose.
A paragraph is a self-contained unit of a discourse in writing dealing with a particular point or idea. Paragraphs are usually an expected part of formal writing, used to organize longer prose.
A paragraph is a self-contained unit of a discourse in writing dealing with a particular point or idea. Paragraphs are usually an expected part of formal writing, used to organize longer prose.