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News / UAE & Morocco Strengthen Ties to Combat Money Laundering and Terrorism Financing

UAE & Morocco Strengthen Ties to Combat Money Laundering and Terrorism Financing

The UAE and Morocco deepen strategic ties to enhance AML, CFT, and CFP measures for a more secure and regulated financial environment.

03 min read

The UAE delegation, headed by Hamid Al-Zaabi (Secretary General and Vice-Chair of the National Committee), completed a three-day official visit to the Kingdom of Morocco from April 22 to 24.

The visit comprised high-level meetings, technical workshops, and sharing best practices on multiple aspects.

The official visit aimed to deepen strategic cooperation between the two nations in the areas of counter-proliferation financing (CFP), counter-terrorism financing (CFT), and anti-money laundering (AML).

The two countries exchanged ideas on the following themes:

  • Use of AI in CFT/AML operations.
  • Monitoring of nonprofit organizations’ conduct.
  • Sanctions implementation
  • National risk assessment

The visit was organized in collaboration with Morocco’s National Financial Intelligence Authority and the UAE’s National Anti-Money Laundering and Combating Terrorism and Financing of Illegal Organizations Committee (NAMLCFTC).

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The discussions revolved around the following topics such as

  1. What role can the private sector play in progressing AML/CFT endeavors?
  2. How can artificial intelligence be employed in AML/CFT frameworks?
  3. What risk-based approaches can be used to effectively supervise nonprofit organizations?
  4. Inter-agency mechanism and national risk assessment methodologies.
  5. Controls on financing weapons of mass destruction and managing targeted financial sanctions.
  6. Effective oversight of gaming institutions and casinos.

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The UAE’s three-day official visit reinforced the country’s commitment to long-term collaboration aimed at developing safer, more transparent, and sustainable financial systems throughout the MENA region.

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    Published Date

    April 29, 2025

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