UAE Begins Third Risk Assessment Cycle
The General Secretariat of the National Committee for Combating Money Laundering, Combating the Financing of Terrorism, and the Financing of the Proliferation of Weapons in the United Arab Emirates launched the third cycle of the national risk assessment, with the participation of 84 entities from both the public and private sectors. The goal of the assessment is to update the country's understanding of the risks related to money laundering, terrorist financing, and the proliferation of weapons, identify priorities for addressing them, and develop policies and procedures to enhance the efficiency of the national framework. The third cycle builds on previous experiences, improves data quality, and enhances coordination among stakeholders, with the aim of directing resources toward the most impactful risks.
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