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UAE Dismisses Claims of 'Dubai Unlocked' Report, Affirms Commitment to Pursuing Global Criminals

Official reiterates UAE’s unwavering commitment to upholding integrity of global financial system

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Staff Writer, TLR

Published on May 16, 2024, 16:55:30


finance, real estate, fatf, uae, money laundering

The UAE is deeply committed to safeguarding the integrity of the global financial system, a responsibility it takes extremely seriously.

Recently, it garnered recognition from an international body dedicated to combating money laundering.

Highlighting this commitment, a UAE official dismissed a recent report alleging that the country has provided sanctuary to some of the world’s most wanted criminals, attributing this claim in part to the secrecy of its real estate sector.

The official emphasised the UAE's significant strides in pursuing global criminals, citing praise from the Financial Action Task Force (FATF) earlier this year for its substantial progress.

Experts in banking and finance hailed the UAE's removal from the FATF's grey list, lauding it as a testament to the country's dedication to combating financial crime and sanctions evasion, which greatly bolsters its financial system.

Regarding a recent data leak reported by the Organised Crime and Corruption Reporting Project, which identified numerous alleged criminals, individuals under sanctions and politically exposed persons who have owned property in the UAE, the official reiterated the government's unwavering commitment to upholding the integrity of the global financial system.

Stressing the UAE's ongoing efforts in combating illicit finance, the official underscored the nation's collaboration with international partners to disrupt and deter all forms of financial misconduct, promising sustained efforts in the present and the future. 

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