UAE President Awards Team For Success In Anti-Money Laundering Efforts

In a significant ceremony held at Qasr Al Bahr in Abu Dhabi, His Highness Sheikh Mohamed bin Zayed Al Nahyan, President of the UAE, bestowed high honors upon key figures instrumental in the UAE's notable achievement of being removed from the Financial Action Task Force's (FATF) list of "Jurisdictions under Increased Monitoring". The FATF is a global entity focused on the fight against money laundering and the financing of terrorism. His Highness Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs, received the Order of the Union, while other distinguished committee members, Ministers, and senior officials were awarded the Order of Zayed II First Class.

This accolade comes as a testament to the UAE's dedicated efforts in enhancing its financial system and legal framework to combat money laundering and terrorism financing effectively. The removal from the FATF's list not only bolsters the UAE's international standing but also reinforces confidence in its financial sector and supports its strategic vision for fostering global commercial and economic partnerships.

His Highness Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi, was present during this momentous occasion. The President expressed his gratitude towards the committee for their pivotal role in this achievement and acknowledged the collective efforts of various entities including Ministries, federal and local government agencies, and the private sector. These efforts have been crucial in meeting national objectives in combating financial crimes.

The President emphasized that this success underscores the UAE's commitment to enhancing its competitiveness and establishing itself as a leading financial hub and a preferred destination for business and investment. He highlighted the nation's unwavering dedication to combating money laundering and its proactive measures to cut off funding channels for terrorism.

Furthermore, His Highness stated that the UAE will persist in collaborating with international partners and concerned entities to combat financial crime globally. This cooperation aims at bolstering the global financial and trade system while serving mutual interests.

Officials who were honored at the event expressed their pride in receiving recognition from His Highness the President. They voiced their appreciation for this acknowledgment and reaffirmed their ongoing commitment to furthering the nation's stature on the world stage.

This achievement not only marks a significant milestone for the UAE in its efforts to combat financial crimes but also sets a precedent for international cooperation and commitment towards maintaining a secure global financial environment.

With inputs from WAM