UAE amends Anti-Money Laundering law, establishes National and Supreme Committees.

The UAE government has amended its Anti-Money Laundering and Combating the Financing of Terrorism law, establishing two committees: the National Committee and the Supreme Committee. These committees aim to enhance the UAE's legal framework against financial crimes, align with the country's national strategy for protecting its financial ecosystem, and ensure compliance with international recommendations and treaties.

August 11, 2024
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