UAE, US to boost money-laundering, terrorism cooperation

istock

UAE officials have discussed increased cooperation with the US in countering money laundering and the financing of terrorism, on a visit to Washington DC.

The delegation met with officials from the US Department of the Treasury, including representatives from the Office of Terrorist Financing and Financial Crimes (TFFC), the Financial Crimes Enforcement Network (FinCEN), and the Office of Foreign Assets Control (OFAC).

The group highlighted developments by the UAE to combat money laundering and terrorist financing, as well as the country’s efforts to enhance collaboration with international partners.

During the visit, members of the UAE delegation also discussed other strategic initiatives, including financing the proliferation of weapons of mass destruction, and illegal wildlife trafficking.

Hamid Al Zaabi, Director-General of the Executive Office to Combat Money Laundering and Terrorist Financing, said, "The United States of America is one of the UAE's main strategic partners in combating money laundering, terrorist financing, and proliferation financing. This field, where crimes are complex and transcontinental in nature, requires a high level of global coordination and cooperation with international counterparts."

More from Local

  • Sharjah charity sponsors over 27,000 orphans globally

    Sharjah Charity International (SCI) has revealed that the number of orphans it has sponsored for the first half of 2022 has reached 27,055.

  • Rain and sandstorm moving south: NCM

    The low-pressure system that brought the rain and sandstorm to the UAE has weakened significantly and moved south, the National Centre of Meteorology (NCM) said.

  • UAE residents praise DEWA's smart services

    Dubai Electricity and Water Authority (DEWA) smart services have helped customers raise the efficiency of their electricity and water consumption and reduce waste and leakages.

  • UAE sends condolences to Egypt

    The UAE has expressed its sincere condolences and solidarity with Egypt over the victims of the church fire in Giza Governorate, which resulted in dozens of deaths and injuries.

  • Dubai to host World Green Economy Summit

    Dubai Electricity and Water Authority (DEWA) and the World Green Economy Organisation (WGEO) will organise the 8th World Green Economy Summit (WGES) on September 28-29 under the patronage of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai.

Coming Up on Dubai Eye

  • Afternoons with Helen Farmer

    2:00pm - 5:00pm

    Every weekday afternoon, Helen Farmer will help you to navigate the highs and lows of life in the UAE. Stay up to date with what’s happening and where to go.

  • Off Script with Chris, Robbie & Sonal

    5:00pm - 7:00pm

    The UAE’s alternative take on news, entertainment and sport. Join Chris, Robbie and Sonal as they cut through the clutter to bring you the news, entertainment and sport stories that actually matter.

BUSINESS BREAKFAST LATEST

On Dubai Eye