The seminar addressed amendments to the recommendations of Financial Action Task Force (FATF), and determined the necessary regulatory obligations in accordance with the requirements of these recommendations. It also took up the training programme of 2013 for the authorities represented in the committee and other authorities regarding anti-money laundering and combating terrorist financing framework.
Also, NAMLC held its meeting under the chairmanship of Al Suwaidi, which was attended by representatives from the Central Bank, Ministry of Interior, Ministry of Finance, State Security Authority, General Directorate of State Security in Dubai, Abu Dhabi Police General Headquarters, Dubai Police General Headquarters, Federation of UAE Chambers of Commerce and Industry, Federal Customs Authority, Securities and Commodities Authority, DED in Abu Dhabi, DED in Dubai, Insurance Authority, DIFC, National Bank of Abu Dhabi, Emirates NBD, Mashreq, Al Ansari Exchange, UAE Exchange Centre and Al Rostamani Exchange.
The Committee reviewed and approved minutes of its meeting held on September 20; outcome of the first plenary meeting of the 24th session of FATF and its working group meetings held in Paris; outcome of the sixteenth plenary meeting of Middle East & North Africa Financial Action Task Force (MENAFATF) for combating money laundering and terrorism financing, and its working group meetings, which was held in Marrakech from November 25 to 29; and follow-up report which was submitted at the 16th plenary meeting of MENAFATF for combating money laundering and terrorism financing, on November 29 at Marrakech.
