Are there any international obligations for the UAE to counter financial crimes?

UAE
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1

Are there any international obligations for the UAE to counter financial crimes?

2

The United Arab Emirates has endorsed and implemented various international and regional initiatives, including:

  1. 40 recommendations issued by the FATF.

  2. The Basel Statement of Principles issued by the Basel Committee.

  3. The Council of Europe Convention on money laundering, search, seizure and confiscation of the proceeds of crime.

  4. European Community directive to prevent money laundering activities in the banking system.