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Anti-money laundering measures reviewed

The National Anti-Money Laundering Committee (NAMLC) held its 3rd meeting for the year 2012 on Thursday, at Head Office of the Central Bank in Abu Dhabi, under the Chairmanship of Sultan bin Nasser Al Suwaidi, Governor of Central Bank and Chairman of the NAMLC.

The NAMLC reviewed and approved minutes of its meeting No. (2/2012), held on June 14 in Dubai. The meeting reviewed the outcome of the third plenary meeting agenda of the twenty-third session of FATF and its working group meetings and meetings of the delegation of the NAMLC with representatives of some delegations of other Financial Intelligence Units, or FIUs, including the trilateral meeting between delegations of NAMLC, United States of America and the Russian Federation which was held at the margin of FATF plenary from June 18 to 22 in Rome-Italy.

The meeting also discussed outcome of the twentieth Egmont Group plenary meeting agenda, heads of FIUs meeting, Egmont Committee meeting and working groups meetings of Egmont Group, which was held from July 9 to 13, and the meetings held with representatives of 17 FIUs including the bilateral meeting with the Head of Russian FIU and accompanying delegation members in Saint Petersburg-Russian Federation at the margin of Egmont Group meetings.

Outcome of the meeting of Evaluation and Implementation working team of Financial Action Task Force (FATF), which was held from September 4-9, in Paris-France was also discussed.

It was attended by the representatives of Ministry of Interior, Abu Dhabi Police General Headquarters, State Security, General Directorate of State Security in Dubai, Ministry of Foreign Affairs, Ministry of Justice, Ministry of Finance, Ministry of Economy, Federation of UAE Chambers of Commerce & Industry, Economic Development Department of Abu Dhabi, Federal Customs Authority, Securities & Commodities Authority, Insurance Authority, Dubai Financial Services Authority, National Bank of Abu Dhabi, Abu Dhabi Commercial Bank, Emirates NBD, Mashreq Bank, Al Ansari Exchange, UAE Exchange and Al Rostamani Exchange.

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