The Executive Office for Combating Money Laundering and Terrorism Financing announced the adoption of a set of technical regulations to address financial crimes that seek to receive and collect data, examine and study them, and then circulate them to the competent authorities when needed to take the necessary measures.
These systems include the “goAML” program for submitting, analyzing, and taking legal action on suspicious bank reports, in addition to the “IEMS” program for messaging between the Financial Information Unit and the private sector and law enforcement agencies in the country, as well as the “FawryTech” program that allows immediate action to be taken in As for the financial issues related to combating the proliferation of weapons of mass destruction.
These regulations also include a unified electronic platform for the “unified customs system” at the state level, in accordance with the best international standards, which will contribute in the long term to facilitating trade, economy and passenger movement, combating illegal trade, and curbing smuggling operations in the country, as well as the “Declare” program that It is based on counting the movement of cash, stones and precious metals before arrival and after their arrival, according to the movement of travelers across customs borders (sea, land, and air). The Executive Office to Combat Money Laundering and Terrorist Financing, by adopting these technical regulations, hopes to strengthen the efforts made by the UAE to curb illicit flows of funds, enhance asset recovery and combat all forms of transcontinental financial crime.
The Executive Office, in cooperation with the supervisory authorities in the country, will also enhance national coordination by exchanging information with local stakeholders to counter money laundering, terrorist financing and proliferation.
The Supreme Committee for Supervising the National Strategy to Combat Money Laundering and Terrorist Financing approved procedures and measures, based on a proposal from the Executive Office to Combat Money Laundering and Terrorist Financing, while obliging financial institutions and non-financial businesses and professions identified in their application regarding high-risk countries. This is considered among the initiatives of the Executive Office to counter money laundering and terrorist financing to develop the state system in this field and apply international best practices.
– “goAML” program to raise and analyze suspicious bank reports, and take legal action in this regard.
– “IEMS” program for messaging between the Financial Information Unit and the private sector and law enforcement and law enforcement agencies.
– FawryTech program to take immediate action on financial issues related to combating the spread
Weapons of mass destruction.
– The unified electronic platform of the “unified customs system” at the state level.
– The “Declare” program, which limits the movement of cash, stones and precious metals.
Follow our latest local and sports news, and the latest political and economic developments via Google news
Source site www.emaratalyoum.com