Ministry of Economy & AML/CFT Executive office hold workshop

ministry,economy,office,workshop,amlcft
UAE

Ministry of Economy & AML/CFT Executive office hold workshop

- H.E. Abdulla Al Shamsi: The UAE has made significant progress in developing and enabling its AML system in light of the targets of the 50

Abu Dhabi: The Ministry of Economy, in collaboration with the Executive Office of the Anti-Money Laundering and Countering the Financing of Terrorism in the UAE, held an extensive two-day workshop for the country's 42 company registrars, which includes all economic development services and the UAE's commercial free zone authorities. The workshop, which also featured the participation of experts from the leading global business advisory services provider PricewaterhouseCoopers (PwC), was aimed at monitoring progress in the implementation of the objectives of the UAE’s company registrars operational plan that stems from the national AML/CFT Strategy and past phase’s national action plan.

H.E. Abdullah Sultan Al Fann Al Shamsi, Assistant Undersecretary for the Monitoring & Following Up Sector at the Ministry of Economy and Chairman of the Company registrars committee, said that the UAE has made significant progress in developing and enabling anti-money laundering laws and legislation in the past, as per the directives of the wise leadership and in line with the targets and principles of the 50 in order to build a resilient and sustainable economic model