VP hails measures taken to combat money laundering

His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice President, Prime Minister, and Ruler of Dubai, has chaired a Cabinet meeting held at Qasr Al Watan in Abu Dhabi.

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"The Cabinet approved during the meeting the restructuring of the Higher Committee Overseeing the National Strategy on Anti-Money Laundering and Countering the Financing of Terrorism under the chairmanship of Sheikh Abdullah Bin Zayed Al Nahyan. Over the years, the Committee has made strides in advancing national policies and strengthening measures to combat money laundering and terrorism financing across the country," Sheikh Mohammed said.

"The Committee will continue its work to ensure the UAE remains a global leader combating money laundering and terrorism financing, an oasis of safety and security, and an ideal business environment for entrepreneurs and investors across all sectors," he added.

Sheikh Mohammed said, "We also approved the establishment of the National Maritime Navigation Center, which will operate under the Ministry of Energy and Infrastructure.

Sheikh Mohammed concluded, "We approved the 2024 Annual Report of the Higher Commission for Free Trade Negotiations."