UAE and Seychelles Boost Parliamentary Cooperation

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  In a step toward deepening international collaboration, the UAE Parliamentary Friendship Committee recently held a pivotal meeting with Waven William, Chairperson of the International Affairs Committee of the National Assembly of Seychelles. The agenda: enhancing parliamentary cooperation and forging stronger bilateral relations between the two nations. The dialogue, marked by mutual respect and shared interests, focused on the importance of inter-parliamentary exchange in fostering diplomatic and developmental ties. Both sides emphasized the need for collaborative approaches to global challenges such as climate change, economic diversification, and sustainable development — issues that resonate deeply with both countries given their strategic geographic locations and shared ambitions. Waven William lauded the UAE’s rapid progress in governance and innovation and expressed interest in learning from the UAE’s successful models of economic and social development. The UAE representa...
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UAE committed to combatting Money-laundering

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Also read :UAE committed to combatting Money-laundering
Also read :UAE committed to combatting Money-laundering

 

The Central Bank of UAE have established a special unit to handle the suspicious transactions and investigate the fraudulents in 1998. Later on 2002 the unit was officially named as Anti Money Laundering and Suspicious Cases Unit. Which undergoes preventing the transactions in Central Bank.In 2018, UAE issued Federal Decree No. 20, that focused on Anti money laundering and countering the financing of Terrorism. In 2020, Central Bank of UAE established a dedicated department to handle all anti-money laundering matters and to combat the financing of terrorism (AML/CFT).The UAE's Financial Intelligence Unit (FIU) has launched the 'goAML' anti-money laundering platform, developed by UNODC, to combat organized crimes and prevent money laundering.From the recent 21st meeting of higher committee, the UAE Ministry of Foreign Affairs HH Sheikh Abdullah stressed the seriousness of the UAE in its responsibility to protect the global financial system and the UAE has a comprehensive National AML and CTF Strategy for the period 2024-2027.Through the efforts, the UAE continuous to maintain safeguarding its financial system, enhance international cooperation and partnerships.
Also read :UAE committed to combatting Money-laundering
Also read :UAE committed to combatting Money-laundering

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