National Anti-Money Laundering Committee holds its 4th meeting

WAM Abu Dhabi, 16th Dec. 2013 (WAM) – Sultan bin Nasser Al Suwaidi, Governor of Central Bank of the UAE, and Chairman of the National Anti-Money Laundering Committee (NAMLC), yesterday inaugurated the annual specialized seminar for the NAMLC, at the Central Bank’s Head Office – Abu Dhabi.

NAMLC members and representatives of the following countries: United States of America, United Kingdom, France Republic and Federal Republic of Germany that support the network of AML/CFT globally were invited to attend the seminar which discussed the following subjects: AML/CFT training programs and regional seminars for the year 2014.

– The “Banking Supervision Department” Supervision and Examination Methodology re AML/CFT.

– The Anti-Money Laundering and Suspicious Cases Unit’s online STR System and Suspicious cases analysis methodology.

– International cooperation.

Meanwhile, the NAMLC held its 4th meeting for the year 2013 after successful completion of the annual specialised seminar, under the Chairmanship of Sultan Bin Nasser Al Suwaidi, Governor of Central Bank of the UAE, and Chairman of the Committee, and attended by representatives from the Central Bank, Ministry of Interior, Ministry of Justice, Ministry of Finance, State Security Authority, Abu Dhabi Police General Headquarters, Dubai Police General Headquarters, Federation of UAE Chambers of Commerce and Industry, Ministry of Foreign Affairs, Ministry of Economy, Federal Customs Authority, Securities ‘&’ Commodities Authority, Department of Economic Development in Abu Dhabi, Department of Economic Development in Dubai, Insurance Authority, Dubai International Financial Centre, National Bank of Abu Dhabi, Emirates NBD Bank, Mashreq Bank, Al Ansari Exchange and Al Rostomani Exchange.

The NAMLC discussed the items on its agenda, as follows: 1/The Committee approved minutes of its meeting No. (3/2012), held on Wednesday 25/09/2012.

2/Outcome of the first plenary meeting of the 25th session of the Financial Action Task Force (FATF) and its working groups meetings, which was held during the period from 52/10/2013 to 18/10/2013 in Paris – France.

3/Outcome of the 18th plenary meeting of Middle East ‘&’ North Africa Financial Action Task Force (MENAFATF), and its working groups meetings, held during the period from 24/11/2013 to 28/11/2013 in Al Manama, Kingdom of Bahrain.

4/5th Follow-up report of the UAE which was submitted at the 18th plenary meeting of Middle East ‘&’ North Africa Financial Action Task Force (MENAFATF), held on 27 November 2013 in Al Manama, Kingdom of Bahrain.

The NAMLC then addressed the remaining items on its agenda and took appropriate decisions in respect thereof.

WAM/TF

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