The United Arab Emirates' progress in strengthening measures to tackle money laundering and terrorist financing

Publication details

Language

Arabic- English

Filename
UAE-Follow-Up-Report-2023.pdf
Size
339 KB
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application/pdf
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This follow-up report sets out the progress that the United Arab Emirates, member of FATF-Style Regional Body MENAFATF, has made in improving its level of compliance with the FATF standards, since their 2020 mutual evaluation.  

  • Recommendation 1 is re-rated from Partially compliant to Largely compliant  
  • Recommendation 19 is re-rated from Partially compliant to Compliant
  • Recommendation 29 is re-rated from Partially compliant to Compliant

The United Arab Emirates is now “compliant” with 15 of the forty FATF Recommendations, “largely compliant” with 24 Recommendations and “partially compliant” with one Recommendation. The country has no “non-compliant” ratings.

The country remains in the Enhanced Follow-Up process and will report back to MENAFATF.

Translated documents

Arabic - United Arab Emirates Follow-Up Report - 2023

MENAFATF

Filename
UAE-Arabic-Follow-Up-Report-2023.pdf
Size
401 KB
Format
application/pdf
Download

Related materials

See also

Middle East and North Africa Financial Action Task Force (MENAFATF)

The Middle East and North Africa Financial Action Task Force (MENAFATF) is a FATF-Style Regional Body (FSRB) that works to strengthen member States' capacity to combat money laundering, terrorist financing and proliferation financing.

The FATF Recommendations

The FATF Recommendations are the basis on which all countries should meet the shared objective of tackling money laundering, terrorist financing and the financing of proliferation. The FATF calls upon all countries to effectively implement these measures in their national systems.

Mutual Evaluations

The FATF conducts peer reviews of each member on an ongoing basis to assess levels of implementation of the FATF Recommendations, providing an in-depth description and analysis of each country’s system for preventing criminal abuse of the financial system
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The 2022 and 2013 Methodologies for Assessing Technical Compliance with the FATF Recommendations and the Effectiveness of AML/CFT/CPF Systems

These documents are guides intended for use by assessors who are tasked with conducting a mutual evaluation. They provide a structured framework of analysis that ensures a level of consistency and high quality of the mutual evaluation reports produced. Latest update: August 2024