The Ministry of Community Development has announced a joint mechanism between the Ministry and the Financial Information Unit of the United Arab Emirates to coordinate efforts to counter money laundering crimes, combat the financing of terrorism and the financing of illegal organizations in the non-profit associations sector, and to facilitate the exchange of information on non-profit associations related to cases related to money laundering. The financing of terrorism and the financing of illegal organizations, and the establishment of a secure electronic link for the purpose of exchanging information, in the presence of the Minister of Community Development Hessa bint Issa Bu Humaid, and Minister of State Ahmed bin Ali Muhammad Al-Sayegh.
The Assistant Undersecretary for Social Welfare Affairs at the Ministry of Community Development, Nasser Ismail, affirmed the ministry’s keenness to integrate with the various supervisory authorities specialized in supervising and controlling non-profit public benefit associations at the state level, confirming the commitment to international standards to counter money laundering, terrorist financing and the spread of arms issued by the Financial Action Group. “FATF”, to ensure that no violations, errors or unacceptable practices occur in this framework.
He pointed out that the ministry’s standards in this regard are a basis and a legal, legislative and supervisory officer with the authorities concerned with monitoring associations, stressing the ministry’s endeavor to work with everyone within the framework of introducing and raising awareness of the laws, regulations and regulations for counter-money laundering and counter-financing of terrorism procedures, in order to achieve the safety and smoothness of the controlling and regulating procedures for the work These associations, and motivating them towards more purposeful and positive development partnership on a community scale.
For his part, Ali Faisal Baalawi, Head of the UAE Financial Information Unit, stressed the importance of highlighting the national efforts of the UAE and its keenness to confront money laundering, combat the financing of terrorism and the financing of illegal organizations, in line with the standards of the Financial Action Task Force (FATF).
He said that the Ministry of Community Development and the Financial Information Unit of the United Arab Emirates will work with all concerned parties that play an active role in our economy and protect donors and their money from the risks of exploitation in the financing of terrorism and the financing of illegal organizations, to enable effective enforcement in the field of combating financial crimes of all kinds and forms.
For his part, Director General of the Executive Office to Combat Money Laundering and Terrorism Financing Hamid Al Zaabi said: “As an essential part of our responsibility and deep commitment to effectively combating money laundering and terrorist financing, it is imperative that all our local institutions adhere to the highest standards of transparency. This joint announcement between the UAE Financial Information Unit and the Ministry of Community Development is a new step towards strengthening and effectively implementing our national policies for social development, in support of the continuous development witnessed by the UAE.”
The Ministry of Community Development has announced a joint mechanism between the Ministry and the Financial Information Unit of the United Arab Emirates to coordinate efforts to counter money laundering crimes, combat the financing of terrorism and the financing of illegal organizations in the non-profit associations sector, and to facilitate the exchange of information on non-profit associations related to cases related to money laundering. The financing of terrorism and the financing of illegal organizations, and the establishment of a secure electronic link for the purpose of exchanging information, in the presence of the Minister of Community Development Hessa bint Issa Bu Humaid, and Minister of State Ahmed bin Ali Muhammad Al-Sayegh.
The Assistant Undersecretary for Social Welfare Affairs at the Ministry of Community Development, Nasser Ismail, affirmed the ministry’s keenness to integrate with the various supervisory authorities specialized in supervising and controlling non-profit public benefit associations at the state level, confirming the commitment to international standards to counter money laundering, terrorist financing and the spread of arms issued by the Financial Action Group. “FATF”, to ensure that no violations, errors or unacceptable practices occur in this framework.
He pointed out that the ministry’s standards in this regard are a basis and a legal, legislative and supervisory officer with the authorities concerned with monitoring associations, stressing the ministry’s endeavor to work with everyone within the framework of introducing and raising awareness of the laws, regulations and regulations for counter-money laundering and counter-financing of terrorism procedures, in order to achieve the safety and smoothness of the controlling and regulating procedures for the work These associations, and motivating them towards more purposeful and positive development partnership on a community scale.
For his part, Ali Faisal Baalawi, Head of the UAE Financial Information Unit, stressed the importance of highlighting the national efforts of the UAE and its keenness to confront money laundering, combat the financing of terrorism and the financing of illegal organizations, in line with the standards of the Financial Action Task Force (FATF).
He said that the Ministry of Community Development and the Financial Information Unit of the United Arab Emirates will work with all concerned parties that play an active role in our economy and protect donors and their money from the risks of exploitation in the financing of terrorism and the financing of illegal organizations, to enable effective enforcement in the field of combating financial crimes of all kinds and forms.
For his part, Director General of the Executive Office to Combat Money Laundering and Terrorism Financing Hamid Al Zaabi said: “As an essential part of our responsibility and deep commitment to effectively combating money laundering and terrorist financing, it is imperative that all our local institutions adhere to the highest standards of transparency. This joint announcement between the UAE Financial Information Unit and the Ministry of Community Development is a new step towards strengthening and effectively implementing our national policies for social development, in support of the continuous development witnessed by the UAE.”
The Ministry of Community Development has announced a joint mechanism between the Ministry and the Financial Information Unit of the United Arab Emirates to coordinate efforts to counter money laundering crimes, combat the financing of terrorism and the financing of illegal organizations in the non-profit associations sector, and to facilitate the exchange of information on non-profit associations related to cases related to money laundering. The financing of terrorism and the financing of illegal organizations, and the establishment of a secure electronic link for the purpose of exchanging information, in the presence of the Minister of Community Development Hessa bint Issa Bu Humaid, and Minister of State Ahmed bin Ali Muhammad Al-Sayegh.
The Assistant Undersecretary for Social Welfare Affairs at the Ministry of Community Development, Nasser Ismail, affirmed the ministry’s keenness to integrate with the various supervisory authorities specialized in supervising and controlling non-profit public benefit associations at the state level, confirming the commitment to international standards to counter money laundering, terrorist financing and the spread of arms issued by the Financial Action Group. “FATF”, to ensure that no violations, errors or unacceptable practices occur in this framework.
He pointed out that the ministry’s standards in this regard are a basis and a legal, legislative and supervisory officer with the authorities concerned with monitoring associations, stressing the ministry’s endeavor to work with everyone within the framework of introducing and raising awareness of the laws, regulations and regulations for counter-money laundering and counter-financing of terrorism procedures, in order to achieve the safety and smoothness of the controlling and regulating procedures for the work These associations, and motivating them towards more purposeful and positive development partnership on a community scale.
For his part, Ali Faisal Baalawi, Head of the UAE Financial Information Unit, stressed the importance of highlighting the national efforts of the UAE and its keenness to confront money laundering, combat the financing of terrorism and the financing of illegal organizations, in line with the standards of the Financial Action Task Force (FATF).
He said that the Ministry of Community Development and the Financial Information Unit of the United Arab Emirates will work with all concerned parties that play an active role in our economy and protect donors and their money from the risks of exploitation in the financing of terrorism and the financing of illegal organizations, to enable effective enforcement in the field of combating financial crimes of all kinds and forms.
For his part, Director General of the Executive Office to Combat Money Laundering and Terrorism Financing Hamid Al Zaabi said: “As an essential part of our responsibility and deep commitment to effectively combating money laundering and terrorist financing, it is imperative that all our local institutions adhere to the highest standards of transparency. This joint announcement between the UAE Financial Information Unit and the Ministry of Community Development is a new step towards strengthening and effectively implementing our national policies for social development, in support of the continuous development witnessed by the UAE.”
The Ministry of Community Development has announced a joint mechanism between the Ministry and the Financial Information Unit of the United Arab Emirates to coordinate efforts to counter money laundering crimes, combat the financing of terrorism and the financing of illegal organizations in the non-profit associations sector, and to facilitate the exchange of information on non-profit associations related to cases related to money laundering. The financing of terrorism and the financing of illegal organizations, and the establishment of a secure electronic link for the purpose of exchanging information, in the presence of the Minister of Community Development Hessa bint Issa Bu Humaid, and Minister of State Ahmed bin Ali Muhammad Al-Sayegh.
The Assistant Undersecretary for Social Welfare Affairs at the Ministry of Community Development, Nasser Ismail, affirmed the ministry’s keenness to integrate with the various supervisory authorities specialized in supervising and controlling non-profit public benefit associations at the state level, confirming the commitment to international standards to counter money laundering, terrorist financing and the spread of arms issued by the Financial Action Group. “FATF”, to ensure that no violations, errors or unacceptable practices occur in this framework.
He pointed out that the ministry’s standards in this regard are a basis and a legal, legislative and supervisory officer with the authorities concerned with monitoring associations, stressing the ministry’s endeavor to work with everyone within the framework of introducing and raising awareness of the laws, regulations and regulations for counter-money laundering and counter-financing of terrorism procedures, in order to achieve the safety and smoothness of the controlling and regulating procedures for the work These associations, and motivating them towards more purposeful and positive development partnership on a community scale.
For his part, Ali Faisal Baalawi, Head of the UAE Financial Information Unit, stressed the importance of highlighting the national efforts of the UAE and its keenness to confront money laundering, combat the financing of terrorism and the financing of illegal organizations, in line with the standards of the Financial Action Task Force (FATF).
He said that the Ministry of Community Development and the Financial Information Unit of the United Arab Emirates will work with all concerned parties that play an active role in our economy and protect donors and their money from the risks of exploitation in the financing of terrorism and the financing of illegal organizations, to enable effective enforcement in the field of combating financial crimes of all kinds and forms.
For his part, Director General of the Executive Office to Combat Money Laundering and Terrorism Financing Hamid Al Zaabi said: “As an essential part of our responsibility and deep commitment to effectively combating money laundering and terrorist financing, it is imperative that all our local institutions adhere to the highest standards of transparency. This joint announcement between the UAE Financial Information Unit and the Ministry of Community Development is a new step towards strengthening and effectively implementing our national policies for social development, in support of the continuous development witnessed by the UAE.”