The National Committee for Combatting Money Laundering and Financing of Terrorism and Illegal Organisations (National Committee) held its first meeting for this year on Wednesday, January 27,2021. The meeting was chaired by H.E. Abdulhamid M. Saeed Alahmadi, Governor of the Central Bank of the UAE (CBUAE), to discuss the latest developments and decisions regarding combatting money laundering and countering financing of terrorism.

The meeting addressed the Cabinet Decision No. 10 of 2021 concerning the establishment of the Executive Office of Anti Money Laundering and Countering Financing of Terrorism (Executive Office), and highlighted the coordination between the National Committee and the Executive Office. The implementation progress of the national action plan of the National Committee was also discussed, and the National Committee agreed on the restructuring of specialised sub-committees headed by several key entities responsible to limit crimes related to money laundering, financing of terrorism and illegal organisations.