- Home
- Middle East
- UAE
- Abdullah bin Zayed meeting of Higher Committee Overseeing National Strategy on Anti-Money Laundering ..
Abdullah Bin Zayed Meeting Of Higher Committee Overseeing National Strategy On Anti-Money Laundering And Countering Financing Of Terrorism
Fahad Shabbir (@FahadShabbir) Published November 30, 2020 | 12:45 AM
(UrduPoint / Pakistan Point News / WAM - 30th Nov, 2020) ABU DHABI, 29th November 2020 (WAM) - H.H. Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation, on Sunday chaired a meeting of the Higher Committee Overseeing the National Strategy on Anti-Money Laundering and Countering the Financing of Terrorism, which was held remotely via video conference.
Sheikh Abdullah welcomed the members of the Committee and hailed the efforts of the task forces to fully achieve the objectives entrusted to the committee. He was briefed about the developments of the committee's work and its progress.
Ahmed bin Ali Al Sayegh, Minister of State, said that earlier this year, the Cabinet issued Resolution No. 74 for 2020 concerning the lists of terrorists and implementation of UN Security Council decisions relating to preventing and countering financing terrorism and leveraging non-proliferation of weapons of mass destruction, and the relevant resolutions.
Sultan bin Saeed Al Badi Al Dhaheri, Minister of Justice, referred to the four guideline manuals pertaining to money laundering crimes and international judicial cooperation, which were issued recently and circulated to the concerned authorities. He added that a total of 200 law firms in the UAE that had failed to comply with anti-money laundering procedures were suspended from practicing for one month. Their suspension will be lifted once they fulfil their obligations.
Al Badi also said that seven law firms in UAE fined AED 100,000 each for anti-money laundering violations.
Hessa Essa Buhumaid, Minister of Community Development, said the Ministry will submit proposed amendments to the Federal Law No. (2) of 2008 regarding Public Associations and Institutions of Public Benefit to the cabinet for approval and issuance of amendments law.
Abdullah bin Touq Al Marri, Cabinet Minister of Economy referred to the Cabinet Resolution No. (58) of 2020, on regulating the Beneficial Owner Procedures, which was issued as part of the UAE's anti-money laundering and countering financing of terrorism efforts.
The meeting was attended by Obaid bin Humaid Al Tayer, Minister of State for Financial Affairs; Sultan bin Saeed Al Badi Al Dhaheri, Minister of Justice; Hessa Essa Buhumaid, Minister of Community Development; Abdullah bin Touq Al Marri, Minister of Economy; Ahmed Ali Al Sayegh, Minister of State; Ali Saeed Matar Al Neyadi, Chairman of the Federal Customs Authority; Abdulhamid Saeed, Governor of the UAE Central Bank; Ahmed Al Dhaheri, Head of the State Security; Lieutenant General Saif Abdullah Al Shaafar, Under-Secretary of State of the Ministry of the Interior; and Abdulnasser Alshaali, Assistant Minister for Economic and Trade Affairs at the Ministry of Foreign Affairs and International Cooperation.
Related Topics
Recent Stories
ICC Champions Trophy 2025: Indian board makes important statement
Currency Rate In Pakistan - Dollar, Euro, Pound, Riyal Rates On 7 May 2024
Today Gold Rate in Pakistan 07 May 2024
Sharjah Animation Conference explores cross-cultural collaboration opportunities ..
Sharjah Public Library provides countless opportunities for young imaginations t ..
Sharjah Police launches 'Your belongings, your responsibility' awareness campaig ..
Dubai Police displays Innovative Tourism Security Services at 'ATM 2024'
Mohammad Haris, Aamir Jamal not part of national squad for Ireland, England: Bab ..
Erdogan opens former church to Muslim worshippers
Cultural events hallmark of a nation, Director RAC
Iraq hangs 11 convicted of 'terrorism': security, health sources
Stocks rise on renewed hopes of rate cuts
More Stories From Middle East
-
UAE announces ‘Zero Bureaucracy Program’ to reduce bureaucracy
3 months ago -
COP28 President-Designate welcomes Transitional Committee agreement to operationalise Loss and Damag ..
6 months ago -
Global Media Congress 2023 to feature Co-Production Majlis as a new networking platform
6 months ago -
Young female athletes shine at Abu Dhabi World Youth Jiu-Jitsu Championship
6 months ago -
King of Jordan receives Abdullah bin Zayed and ministers participating in Arab coordination meeting
6 months ago -
Abdullah bin Zayed participates in coordination meeting of Arab foreign ministers, joint meeting wit ..
6 months ago
-
3rd annual conference of Emirates Society of Clinical Microbiology kicks off in Dubai
6 months ago -
SIBF 2023 hosts Nobel laureate to discuss emergence of ‘Afrofuturism’ in global discourse
6 months ago -
ALC announces winners of Kanz Al Jeel Award 2023
6 months ago -
SIBF turns spotlight on remarkable contributions of women
6 months ago -
Global assets in spot bitcoin ETFs hit $4.16 billion
6 months ago -
Rescuers struggle to find Nepal quake survivors as deaths reach 157
6 months ago