![]() Facilitating the exchange of information and coordination among the various bodies represented in the Committee.It is also mandated to instruct the supervisory authorities to ensure adherence to the due diligence procedures by financial institutions, designated non-financial businesses and professions, and non-profit organisations which are under their supervision Coordinating with the relevant authorities and referring to related international sources of information in order to identify high-risk countries in relation to money laundering and financing of terrorism.Determining and assessing the risks of crime on the national level.Preparing and developing a national strategy to combat crime and proposing related regulations, policies and procedures in coordination with the competent authorities, and monitoring their implementation. ![]() The UAE identifies and assesses the money laundering and terror financing risks it faces, in line with its obligations under the Financial Action Task Force Standards. The National Committee for Combating Money Laundering and the Financing of Terrorism and Illegal Organisations (NAMLCFTC) oversees the national risk assessment process. ![]()
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