The UAE Government's 12 Strategic Goals to Fight Money Laundering

The UAE is fully dedicated to combating financial crimes, with the National Committee for Anti-Money Laundering and Combatting the Financing of Terrorism and Financing of Illegal Organizations (NAMLCFTC) spearheading the effort through twelve strategic goals focused on AML and CFT. The strategic goals aim to enhance AML regulations in the UAE and improve law enforcement efforts to detect and prosecute financial crimes in the country.

Check out our infographic to learn more about the 12 strategic goals set by the NAMLCFTC and learn how you can contribute to the UAE’s efforts in combating money laundering and terrorism financing.

01

Continue deepening the understanding of risk.

02

Strengthen the National Committee for Anti Money Laundering and Combatting the Financing of Terrorism and Financing of Illegal Organizations (NAMLCFTC) standing within the UAE's national AML/CFT framework.

03

Identify and intercept unlicensed money remittance services effectively.

04

Use provisional and confiscation measures more frequently and effectively.​

05

Adjudicate and prosecute ML effectively and apply proportionate and effective sanctions.​

06

Improve the effectiveness of regulatory and supervisory efforts for financial institutions and designated non-financial business and professions, prioritizing higher-risk sectors and taking dissuasive enforcement actions.​

07

Identify and intercept unlicensed money remittance services effectively.​

09

Align company registration frameworks cross the UAE.

08

Enhance implementation of targeted financial sanctions without delay.​

10

Strengthen the UAE's assistance programmes' links with its international partners.

11

Continue to investigate, prosecute and convict terrorism financing offenses effectively.​

12

Continue to modernize the UAE's legal framework.​

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At Idenfo Direct UAE, we strongly align ourselves with the Government’s efforts to fight money laundering and financial crime. Idenfo Direct offers an all-in-one solution to help your business comply with the UAE Government’s strategic goals and aims – and helps protect your business from fines and fees by ensuring regulatory compliance.

Idenfo Direct offers full AML compliance solutions including a technologically advanced platform as well as AML and Risk Assessment Consultancy services.

Learn more about what Idenfo Direct has to offer by speaking to our sales team.

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