UAE seeks to tighten anti-money laundering and terror financing measures

The UAE’s National Committee for Combating Money Laundering and Financing of Terrorism and Illegal Organisations (NAMLCFTC) has urged financial sector regulators and law enforcement agencies to tighten their procedures to combat money laundering and terror financing. A meeting of the NAMLCFTC chaired by Khaled Mohamed Balama, Governor of the Central…