National to counter money laundering and combating terrorist financing, “receives 8,000 questionnaires from the private sector

His Excellency Hamed Al -Zaabi, Secretary -General and Vice -President of the National Committee to counter money laundering and combating terrorist financing and financing illegal organizations, stressed the importance of the role of the private sector in the state, in completing the national risk evaluation, which was manifested by providing more than 8,000 questionnaires, reflected the interaction of this sector in a way Acting with the risks related to money laundering and terrorist financing, which contributed to increasing societal awareness in this field, pointing out that the reports submitted by financial and non -financial institutions and the private sector witnessed last 2024 an increase of 26%, which reflected the promotion of the collective understanding of these risks.

He said in a statement to the Emirates News Agency “WAM”, that the national evaluation of risk resulted in important legal amendments, most notably the update of the money laundering law in 2024 to keep pace with developments in the types of financial crimes, noting that virtual assets are high risks in the world, and that The UAE continues to improve the performance of the financial sector thanks to a deep and comprehensive understanding of these risks, which contributes to enhancing its ability to keep pace with and interact with future financial challenges.

He added that the previous evaluation played a major role in advancing progress in 2024, and resulted in the launch of the national strategy to counter money laundering and combat terrorist financing and finance the spread of arms for the years 2024-2027, which includes 11 major goals and 200 sub-goals, in addition to more than 1000 initiatives to achieve Its goals by 2027, which establishes the leadership of the UAE in this field worldwide, stressing the state’s keenness to update national legislation and policies in a way that equals the highest international standards, and reflects its readiness and readiness to mutual evaluation with the financial work group “FAF” which begins the end of this year .

Al -Zaabi noted that these efforts enabled the issuance of policies and legislation continuously in a way that contributes to preserving the stability of the national and global financial system, stressing that the UAE keeps pace with the latest developments and challenges and continues to enhance its pioneering position on the global scene in the field of combating financial and economic crimes.

He stressed that the strategy is not limited to the legislative aspects, but also exceeds it to include all economic, security and media dimensions, in addition to enhancing the building of national capabilities thanks to the Emirati cadres that were appointed to the National Committee and the supervisory, legal and security authorities, which opens promising horizons for national cadres in the private sector.

His Excellency pointed out that an update for the national risk evaluation was made, in partnership with the World Bank Group and with a method approved by the “FATE” financial work group, and resulted in exceptional results represented in defining the challenges and opportunities that have been converted into sustainable action plans, including all sensitive sectors such as the financial sector, The virtual assets sector, and non -profit organizations.

On the role of the Emirates as deputy head of the financial work group for the Middle East and North Africa region “Minavvvs” in 2025, his happiness stressed that the state plays a pivotal and pioneering role in providing technical initiatives to the countries of the region as well as the active contribution to training workshops and exchanging experience Countries are to prepare for evaluation operations according to the updated methodology of “FAF”.

He stressed that the UAE continues to play a pivotal role in addressing global financial crimes, including drug and financial crimes, through strict precautionary measures, pointing out in this regard to holding meetings with major countries such as the United States and France to discuss global plans to combat these crimes, and that it is Meeting meetings with the European Union and a number of other countries will soon be held to strengthen these efforts.

His Excellency Hamid Al -Zaabi reaffirmed that the UAE continues to build on its position as a major supporter of financial and economic stability at the international level, and places its distinguished mark in the field of combating financial crimes through continuous innovation and international cooperation, and that it continues to work to achieve economic and financial security in the region and the world, through Comprehensive preventive measures that guarantee a stable and safe environment for everyone.