Crown Prince of Ras Al Khaimah Reviews National Strategy to Combat Money Laundering and Terrorism Financing
Ras Al Khaimah, His Highness Sheikh Mohammed bin Saud Al Qasimi, the Crown Prince of Ras Al Khaimah, recently held a meeting to review the National Strategy to combat money laundering and terrorism financing. This strategic initiative is designed to enhance the UAE's compliance with international financial standards and boost its investment appeal.
During the meeting, the Crown Prince welcomed a delegation from the Executive Office for Combating Money Laundering and Terrorism Financing, led by Hamed Al Zaabi, the Director-General of the office. Their discussions focused on the progress made in implementing the national strategy, as well as the Unified License project.
The Unified License project plays a crucial role in reinforcing the compliance with the Financial Action Task Force (FATF) standards and enhancing the Emirate's investment attractiveness.
The Crown Prince commended the dedicated efforts and the achievements in implementing the national strategy, emphasizing their role in enhancing the reputation of the UAE and its commitment to fulfilling international requirements.
The meeting was attended by various heads, directors, and officials from different departments within the Emirate.
This meeting underscores the UAE's commitment to combat money laundering and terrorism financing, aligning with global efforts to maintain financial transparency and security. The nation's dedication to these matters not only ensures its compliance with international standards but also reinforces its position as a secure and trustworthy destination for investors and businesses.