Officials during the launch of anti-money laundering platform. WAM
The UAE has become the first country in the Gulf to launch a new reporting platform developed by the United Nations Office on Drugs and Crime (UNODC), to curb organised crimes.
The new anti-money laundering system platform named 'goAML' already went live in May and all financial entities being supervised by the UAE Central Bank have to register on this system by 27th June, the UAE Central Bank officials announced on Sunday in Abu Dhabi.
Of around 900 entities that are required to register on the platform, 50 percent of them have already registered, the officials added at a press conference.
The UAE’s Financial Intelligence Unit will use the platform to gather and analyse intelligence submitted by reporting entities, which then analysed and disseminated to law enforcement authorities.
The officials said that all the financial entities being supervised by the Central Bank, such as banks, insurance companies and money exchange centres have to register before the deadline.
In an effort to share its pioneering experience with the world, the Hamdan Bin Mohammed Smart University (HBMSU), showcased its “Global Benchmarking Framework and Data Set for Online, Open, Smart and Technology-enhanced Higher Education” while participating in the UnescoMobile Learning Week 2019, held recently in Paris.
The UAE called on the UN to hold Member States accountable for terrorism financing during a UN Security Council Open Debate on combating terrorism financing presided by France’s Foreign Minister Jean-Yves Le Drian.
The United Nations High Commissioner for Refugees, Filippo Grandi, has said that the Sharjah International Award for Refugee Advocacy and Support should be commended for making the refugee issue more relatable by bringing the human face of the crisis to the fore.
His Highness Sheikh Mohamed Bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, received, at the Qasr Al Bahar, the first group of National Senior Reactor Operators, SROs, and Reactor Operators, ROs, licensed by the Federal Authority for Nuclear Regulation, FANR.
Roula Khalaf will become the first woman to edit the Financial Times (FT) in its 131-year history after Lionel Barber, Britain’s most senior financial journalist, said he would step down.
His Highness Dr Sheikh Sultan Bin Mohammed Al Qasimi, Supreme Council Member and Ruler of Sharjah, has confirmed that the Emirate of Sharjah has taken care of the “Rights of Future Generations” and paid attention to building human beings and creating a generation with knowledge and innovative thoughts, able to work hard to enjoy a better life.