UAE Granted Observer Status in Asia/Pacific Group on Money Laundering

• 17 Jul 2023

Recently, the United Arab Emirates (UAE) achieved a significant milestone by becoming the first Arab country to obtain observer status in the Asia/Pacific Group on Money Laundering (APG), a regional body akin to the Financial Action Task Force (FATF).

The key points are:

• Venue of Conference: The APG is currently conducting its plenary session in Vancouver, Canada, where the UAE is actively participating as an observer.
• UAE’s Importance: Obtaining observer status is a testament to the UAE's dedication to international collaboration in combating money laundering and terrorist financing.
• Anti-terrorism Commitment: The UAE delegation includes representatives from the UAE Financial Intelligence Unit (FIU) and other government officials, highlighting the country's commitment to actively engage in anti-money laundering and counter-terrorism financing efforts within the region.