- Home
- Middle East
- UAE
- MoCD organises workshops on international standards for countering money laundering, terrorist finan ..
MoCD Organises Workshops On International Standards For Countering Money Laundering, Terrorist Financing
Faizan Hashmi Published September 06, 2021 | 07:15 PM
DUBAI, (UrduPoint / Pakistan Point News / WAM - 06th Sep, 2021) The Ministry of Community Development (MoCD) has organised remote workshops targeting regulatory authorities responsible for overseeing and monitoring non-profit associations in Dubai, as part of its efforts to highlight international standards for money laundering, terrorist financing and weapons proliferation issued by the Financial Action Task Force (FATF).
The workshops were attended by 18 specialists representing three regulatory authorities, which are the Community Development Authority, the Islamic Affairs and Charitable Activities Department and the International Humanitarian City.
The workshops highlighted the competence of regulatory authorities based on supervisory and monitoring legislations covering the non-profit associations’ sector, in line with Decree-Law No. 20 of 2018 on countering money laundering crimes, combatting the financing of terrorism and illegal organisations. They also discussed the obligations of non-profit associations and reviewed the mechanisms and evaluation systems adopted by the MoCD.
Nasser Ismail, Assistant Under-Secretary of Social Welfare and Member of the National Committee for Combatting Money Laundering, said, "The workshops are part of a series of awareness and training programmes organised by the ministry to increase and enhance awareness among the regulatory authorities responsible for supervising and monitoring the non-profit associations’ sector, through laws, measures and regulations covering the methods of combatting money laundering, terrorist financing and illegal organisations in the UAE, to reduce the abuse of this sector in terms of supporting and financing terrorism and speeding up social work in the UAE."
He also stressed the need for all regulatory authorities to achieve the objectives and competencies assigned to them under the enforced legislation, especially risk assessment and activate supervision and monitoring, to increase the efficiency of mutual assessments in the UAE.
Recent Stories
HEC reviews curricula for environmental sciences degree programme
ICC Asia looking forward to an action-packed Asia Cricket Week
Yuvraj Singh named ICC Men’s T20 World Cup 2024 Ambassador
Greece hands Olympic flame to 2024 Paris Games hosts
Two Kyiv hospitals evacuating over feared Russian strikes
World must act on neurotech revolution, say experts
Charles & Catherine's cancer diagnoses
Champions Alcaraz and Sabalenka through in Madrid Open
King Charles to resume some public duties during cancer treatment: palace
US defense chief announces $6 bn in security aid for Ukraine
Heavy rains cause damage to Spezand-Taftan railway track
Woman stabbed in Israel, attacker killed: police
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