Washington : A high-level delegation from the UAE, led by the General Secretariat of the National Anti-Money Laundering and Combating the Financing of Terrorism and Financing of Illicit Organisations (GS-NAMLCFTC), conducted a four-day mission in the USA that concluded yesterday, convening with strategic partners in Washington DC, to advance cooperation and partnership between the two parties in combating financial crime and preserving international financial security.
The delegation engaged with senior officials from US agencies, including the Departments of Treasury, Justice, and State, the Internal Revenue Service’s Criminal Investigation unit (IRS-CI), the Financial Crimes Enforcement Network (FinCEN) and the FBI.
The delegation also met with representatives of the International Monetary Fund (IMF) and the World Bank.
The UAE delegation’s agenda included reviewing existing bilateral operational initiatives to further focus on priority issues such as cross-border asset recovery efforts, virtual asset risks and investigations, public-private partnerships and strengthening regulatory coordination to ensure greater effectiveness in addressing global financial challenges.
Recognising the role of the private sector and research centres, the delegation’s agenda included a roundtable discussion organised by the US-UAE Business Council in cooperation with the embassy of the UAE in Washington.
The discussion featured presentations to private sector stakeholders from the US on the National Strategy and Plan of the UAE in combating financial crime and a number of priority strategic projects along with the role of these measures in creating a secure and sustainable business and investment environment, thereby fostering trust among trade partners and supporting shared economic growth.
