The Central Bank of the United Arab Emirates (CBUAE) met with the National Anti-Narcotics Authority to discuss strengthening institutional cooperation and coordinated efforts to combat narcotics-related financial crimes and protect the integrity and stability of the UAE financial system. Discussions covered expanding the exchange of relevant information and data, improving the efficiency of responses, and enhancing the effectiveness of national policies. The National Anti-Narcotics Authority’s chair was also briefed on the CBUAE’s mandates and work to address narcotics-related financial crime at national and international levels, the financial-crime regulations and legislation in force, and projects within the CBUAE’s financial infrastructure transformation programme, including digitisation of domestic and cross-border payment systems and initiatives to train national personnel to proactively detect suspicious financial transactions.
Central Bank of the UAE 2025-12-12
Central Bank of the United Arab Emirates discusses stronger cooperation with the National Anti-Narcotics Authority to combat narcotics-related financial crime
The Central Bank of the UAE and the National Anti-Narcotics Authority discussed enhancing cooperation to combat narcotics-related financial crimes and protect the UAE financial system's integrity. Key topics included expanding information exchange, improving response efficiency, and enhancing national policy effectiveness. The CBUAE also briefed on its mandates, financial-crime regulations, and infrastructure projects, including payment system digitisation and personnel training initiatives.