The UAE takes its role in protecting the integrity of the global financial system extremely seriously. This means actively administering and enforcing economic and trade sanctions. The UAE has the essential components of a sanctions compliance program in place, including engaging with the private sector to further promote understanding of, and compliance with, sanctions requirements.
The UAE government does not seek to comment on specific, or ongoing investigations. However, where the integrity of the UAE’s compliance commitments is called into question, or the UAE is wrongfully perceived to ignore apparent violations, we have a duty to respond.
The UAE confirms that a thorough and comprehensive investigation is fully underway into the three named entities. This includes using recent legislative changes (Cabinet Resolution no 58), designed to improve corporate transparency through a framework for reporting and registering beneficial ownership.
The scale and complexity of financial crime has increased. So too has the UAE’s awareness and understanding of it. That is why the UAE is committed to taking action. This is reflected in the high-level policy and political commitment to establish and operate a sophisticated financial crime compliance system.
This includes a shared objective across all UAE entities to prevent, detect, and deter illicit activity in the financial system. As part of this, we are improving the way we are sharing information across our financial sector and with law enforcement and government.
Related News
Envoy of the Minister of Foreign Affairs to the Caribbean and Pacific States Visits Belize to Advance Bilateral Cooperation
Omar Shehadeh, Envoy of the Minister of Foreign Affairs to the Caribbean and Pacific States, has concluded an official bilateral visit to Belize, during which he discussed ways of strengthening bilateral relations and expanding cooperation between the two countries across a range of priority areas.
View Details
United Arab Emirates, Maldives and UNDP Convene High-Level Dialogue on Water Security Ahead of 2026 UN Water Conference
The Embassy of the United Arab Emirates in Malé, in collaboration with the Ministry of Climate Change, Environment and Energy of the Republic of Maldives and the United Nations Development Programme (UNDP) in the Maldives
View Details
Ministry of Foreign Affairs Mobilizes Global Efforts to Accelerate Actionable Water Solutions During London Climate Action Week
The Ministry of Foreign Affairs placed water at the forefront of its priorities at this year’s London Climate Action Week (LCAW)
View Details
UAE leaders congratulate President of Burundi on Independence Day
President His Highness Sheikh Mohamed bin Zayed Al Nahyan has sent a message of congratulations to President Évariste Ndayishimiye of the Republic of Burundi on the occasion of his country's Independence Day.
View Details