United Arab Emirates (UAE) has become the first Arab country to receive observer status in the Asia/Pacific Group (APG) on Money Laundering, a regional body similar to the Financial Action Task Force (FATF).
The UAE is participating as an observer at the plenary session of the APG, which is currently taking place in Vancouver, Canada.
Obtaining observer status reflects the UAE’s commitment to international cooperation in combating money laundering and the financing of terrorism.
Observer status is awarded to countries that actively and cooperatively combat financial crime, and the UAE has demonstrated this through its participation in organizations such as MENAFATF and other multilateral fora.
