Author: By OMNIA AL DESOUKIE/THE MEDIA LINE

The UAE Takes Significant Steps to Combat Money Laundering and Financial Crimes The UAE, recently removed from the “gray list” of money-laundering havens, has enacted new laws to enhance investor confidence as part of its 2024-2027 National Strategy for Anti-Money Laundering, Countering the Financing of Terrorism, and Proliferation Financing. The laws focus on strengthening compliance mechanisms, improving international coordination, and combating emerging threats like cybercrime. The introduction of two key committees, the National Committee for Anti-Money Laundering and Combating the Financing of Terrorism and the Supreme Committee, aims to streamline compliance processes, reduce bureaucracy, and enhance communication between businesses and…