A delegation from the UAE is participating with observer status in the plenary of the Asia/Pacific Group (APG) on Money Laundering (APG), a Financial Action Task Force-Style regional body (FSRB), taking place this week in Vancouver, Canada. The UAE is the first Arab country to be granted observer status at the APG.
Ahmed Ali Al Sayegh, Minister of State to the UAE Cabinet, welcomed the decision of the Asia/Pacific Group on Money Laundering Pleanry to grant observer status to the UAE, WAM reported.
“The UAE has placed international cooperation at the heart of its strategy and plan for countering money laundering and the financing of terrorism. Observer status at FSRB events is granted to countries that demonstrate an active and collaborative approach to fighting financial crime, which the UAE has displayed through its participation in MENAFATF and other multilateral organisations,” he said.
The UAE delegation to the plenary is led by Hamid Al Zaabi, Director-General of the Executive Office of Anti-Money Laundering and Counter-Terrorism Financing, and includes representatives from the UAE Financial Intelligence Unit (FIU) and other governmental authorities.
Source: Bahrain News Agency