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Sunday May 26, 2024

Committed to deter all forms of illicit finance: UAE

UAE has also said that it is “committed to continuing these efforts and actions more than ever today and over the longer term”

By Our Correspondent
May 15, 2024
The UAE’s flag flies outside the Sheikh Zayed Grand Mosque in Abu Dhabi. — AFP/File
The UAE’s flag flies outside the Sheikh Zayed Grand Mosque in Abu Dhabi. — AFP/File

KARACHI: In a statement given to the OCCRP regarding the Dubai Unlocked data, the UAE embassy based in Oslo said that the UAE “takes its role in protecting the integrity of the global financial system extremely seriously”.

Adding that “in February, the Financial Action Taskforce (FATF), the global standard-setter for measures to fight money laundering, praised the UAE’s significant progress”, the embassy said that in its “continuing pursuit of global criminals, the UAE works closely with international partners to disrupt and deter all forms of illicit finance”.

The UAE has also said that it is “committed to continuing these efforts and actions more than ever today and over the longer term.”