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UAE's efforts to combat financial crime are highlighted at the Mena Regulatory Summit

MEDIA / Articles / UAE's efforts to combat financial crime are highlighted at the Mena Regulatory Summit
At the 14th Mena Regulatory Summit in Abu Dhabi, the most recent advancements in the UAE's fight against financial crime are scheduled to be presented.

The Executive Office of Anti-Money Laundering and Counter Terrorism Financing is hosting the event on the October 25, and serves those in the government and law enforcement as well as those in the compliance, risk, regulation, and financial services industries.

Up to 150 delegates are expected, with a significant contingent from the UAE, Egypt, Saudi Arabia, the United Kingdom, and Bahrain, according to the organizers' as the announcement.

Leading figures from international organizations fighting financial crime will participate in panel discussions, including Takahide Habuchi of the Japan Financial Service and FATF Policy Working Group, Suliman Al-Jabrin, executive secretary of the Mena Financial Action Task Force, and John Cusack, chairman of the Global Coalition to Fight Financial Crime.

Noteworthy to mention that in the 12 months leading up to the end of July, the UAE seized and confiscated assets worth more than Dh4.73 billion ($1.29bn), as it intensifies its fight against money laundering and the financing of terrorism. Over the course of a year, officials confiscated assets worth Dh2.19 billion and seized assets worth Dh2.54 billion.

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