CBUAE’s National Summit on Financial Crime Compliance, held on Oct 9-10, reaffirms its commitment to enhance its financial crime combat efforts in preparation for the upcoming FATF evaluation in 2026

To shed light on supervisory activities in licensed financial institutions, H.E. said the Central Bank is in the process of launching the first-of-its-kind Supervisory Technology (SupTech) initiative in the region which will enable early detection and warning of risks based on data assessment processes to determine the extent of exposure to money laundering operations.