His Excellency Ahmed Jasim Al Zaabi, Chairman, Abu Dhabi Department of Economic Development (ADDED) said: “We appreciate the resolution of the Financial Action Task Force (FATF), which reaffirms the effectiveness of our Anti-Money Laundering/Countering the Financing of Terrorism (AML/CFT) framework”.
“The FATF announcement acknowledges the efforts exerted by various UAE authorities, led by the Executive Office of Anti-Money Laundering and Counter Terrorism Financing, to meet the Action Plan requirements. We remain committed to collaborating with our partners and stakeholders to fulfil our long-term sustainable AML/CFT strategy”.
H.E. further explains: “As a leading International Financial Centre, Abu Dhabi recognises the importance of cooperating with strategic partners to contribute effectively to the global initiative in combatting all forms of financial crimes to pave the way to a thriving and sustainable socio-economic development”.
“Our conducive environment, abundant investment prospects, and robust policies are attracting Foreign Direct Investments (FDIs) and significant players in various sectors to establish businesses and expand out of Abu Dhabi. Driven by key national financial and investment policies, we are ensuring fiscal sustainability and consolidation to achieve sustainable economic development and enhance global competitiveness.”