UAE: UAE and UK Team Up to Address Illicit Financial Flows

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Staff Writer, TLR

Published on July 14, 2023, 17:41:00


 Illicit Financial Flows

In an effort to work side by side with the UK on the matter, the UAE has struck a partnership on the same whereby the shared global challenge of illicit financial flows would be addressed together. As part of a groundbreaking new alliance, the UK and UAE will intensify their efforts to target people supporting terrorism and serious and organised crime gangs. The collaboration is a concrete expression of the United Kingdom and the United Arab Emirates' shared goal of increasing cooperation on illicit financial flows. The UAE-UK Partnership to Combat Illicit Financial Flows is part of the vision of HH Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces. The launch of the programme happened on 17th of September 2021, at London. This also aims, as one of its ancillary goals, a powerful means to tackle money laundering as well.