UAE central bank meets country’s chief compliance officers to discuss FATF standards and step up fight against money laundering - AML Intelligence
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UAE central bank meets country’s chief compliance officers to discuss FATF standards and step up fight against money laundering

Downtown Dubai, the UAE's financial capital and a global business hub that has been fertile ground for money laundering in recent years.

By Vish Gain for AMLi

The United Arab Emirates is stepping up its efforts to fight money laundering and terrorism financing in its banking sector after the country’s central bank conducted its first compliance officers forum.

The Central Bank of UAE held the forum on Thursday with over 100 chief compliance officers and compliance professionals from the country’s banks to discuss compliance functions and risk management.

Chief among the deliberations was the need to comply with recommendations made by the Financial Action Task Force (FATF).

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