"Central Bank" and"National Narcotics Control" They are discussing ways of cooperation to combat drug-related financial crimes

1 hour ago

1 minute read

ABU DHABI, December 12, 2017 – His Excellency Sheikh Zayed bin Hamad Al Nahyan, Chairman of the National Drug Control Agency, met with His Excellency Khalid Mohammed Al Amma, Governor of the Central Bank of the United Arab Emirates, at the headquarters of the Central Bank in Abu Dhabi.

During the meeting, they discussed ways to strengthen the national drug control system, develop institutional cooperation and coordinate joint efforts to combat drug-related financial crimes, in a way that contributes to protecting society and maintaining its security, ensuring the transparency and integrity of the financial sector, and maintaining the stability of the state’s financial system.

The two sides also discussed expanding the scope of exchanging relevant information and data, and enhancing the efficiency of the response and the effectiveness of national policies, in order to consolidate the safe and reliable financial environment in the UAE.

The meeting was attended by assistants to the Governor of the Central Bank and a number of officials from both sides.

During the visit, His Excellency Sheikh Zayed bin Hamad Al Nahyan was briefed on the Central Bank’s tasks, competencies, and efforts to combat drug-related financial crimes at the national and international levels, in addition to the regulations and legislation in force regarding combating financial crimes, and the projects implemented by the Central Bank within the framework of its program to transform the financial infrastructure, including the digitization of local and cross-border payment systems, and initiatives to qualify national cadres to enhance proactiveness in detecting suspicious financial transactions.

His Excellency Khaled Mohammed Al-Amaa, Governor of the Central Bank of the United Arab Emirates, stressed that this visit represents an opportunity to strengthen the institutional partnership between the Central Bank and the National Narcotics Control Agency, which contributes to supporting national efforts to combat drug-related financial crimes, maintain the integrity of the country’s financial system, and consolidate its leadership position as a global financial center.