The United Arab Emirates Executive Office of Anti-Money Laundering and Counter Terrorism Financing has published its first annual report, covering national efforts in 2023 to combat money laundering, terrorist financing and other financial crime. The report describes the office’s coordination of supervisory authorities, law enforcement agencies, committees and working groups, alongside efforts to identify and mitigate risks and strengthen national capabilities. The report highlights progress against international anti-money laundering and counterterrorist financing standards, including completion of the United Arab Emirates’ Financial Action Task Force Action Plan and advances in mutual evaluation processes. It also covers stronger legal and institutional capacity, international cooperation and the use of technology in risk monitoring and response. Women represented 55% of the office’s hires, compared with 45% for men.
2025-06-11National Anti-Money Laundering and Combating Financing of Terrorism and Financing of Illegal Organisations Committee (NAMLCFTC)
United Arab Emirates Executive Office of Anti-Money Laundering and Counter Terrorism Financing publishes first annual report on 2023 progress
The United Arab Emirates Executive Office of Anti-Money Laundering and Counter Terrorism Financing has issued its first annual report, outlining national progress during 2023. It highlights completion of the Financial Action Task Force Action Plan, stronger legal and institutional capacity, international cooperation and increased use of technology to address financial crime risks.