Building a Robust Financial Future: A Call for Unified Action Against Illicit Finance

May 31, 2025 - 23:45

By H.E Khaled Balama, Governor of the CBUAE and Chairman of the NAMLCFTC

The landscape of global trade and finance is evolving at an unprecedented pace. As a vital center for innovation, entrepreneurship, and investment, the United Arab Emirates recognizes the immense potential of being integrated into the international financial system. However, this opportunity comes with significant responsibilities.

To safeguard the integrity of the financial ecosystem, it is crucial to maintain stringent governance and controls. The rise of illicit finance poses a substantial threat to economic stability and security, necessitating a collective response from all stakeholders involved. Governments, financial institutions, and private sectors must collaborate to develop robust frameworks that combat financial crime and enhance transparency.

The UAE is committed to leading these efforts, advocating for a unified approach that not only protects national interests but also contributes to global financial resilience. By working together, we can build a more secure financial future that fosters trust and encourages sustainable growth.