UAE President Awards Honors for UAE’s Removal from FATF Monitoring List
Abu Dhabi, The Gulf Observer: In a momentous ceremony at Qasr Al Bahr in Abu Dhabi, His Highness Sheikh Mohamed bin Zayed Al Nahyan, UAE President, conferred the Order of the Union upon His Highness Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs. Additionally, committee members, other ministers, and senior officials were awarded the Order of Zayed II First Class. This prestigious recognition acknowledges the committee’s exceptional accomplishment in securing the UAE’s removal from the Financial Action Task Force (FATF) list of “Jurisdictions under Increased Monitoring.” FATF, an international organization dedicated to combating money laundering and terrorist financing, acknowledged the UAE’s robust efforts in this regard.
In the presence of His Highness Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi, the President extended his heartfelt congratulations to the committee members, lauding their significant contributions that led to this remarkable achievement. His Highness expressed deep appreciation for the tireless efforts invested in reaching this milestone, which not only elevates the country’s global standing but also reinforces confidence in its financial system and national framework for combating financial crimes.
The decision to remove the UAE from the FATF monitoring list aligns with the nation’s strategic plans to foster commercial and economic partnerships worldwide. His Highness Sheikh Mohamed bin Zayed Al Nahyan emphasized that this success is the result of collaborative efforts from various entities, including Ministries, federal and local government agencies, and the private sector. The unified dedication of these teams played a pivotal role in achieving national objectives in combating money laundering and terrorism financing.
Highlighting the UAE’s commitment to competitiveness and its aspiration to be a premier financial center and preferred business and investment destination, His Highness affirmed the nation’s responsibility as a member of the international community to combat money laundering and eliminate funding channels for terrorism.
The UAE, His Highness stated, will persistently collaborate with partners and entities worldwide to combat financial crime, support best practices, and contribute to enhancing the global financial and trade system for mutual benefit.
In response, the recognized officials expressed their pride in receiving this prestigious acknowledgment from His Highness the President. They reaffirmed their unwavering commitment to serving the nation and further enhancing its international standing.
