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.
MORE NEWS
October 5, 2026 - 04:20
Talk Money Before You Travel: The Case for "Cash Yapping"Planning a group vacation often starts with picking a destination, booking flights and arguing over who gets the window seat. What many friend groups skip is the awkward part: figuring out how to...
October 4, 2026 - 01:09
Nvidia (NVDA) Is At The Center Of An $8 Billion AI Financing ShiftAmazon has created an $8 billion special purpose vehicle to purchase Nvidia Grace Blackwell chips and lease them back to AWS clients. The arrangement works as an off balance sheet financing tool...
October 3, 2026 - 20:14
Aston Villa under 'great stress' after 'settlement agreement'Aston Villa is reportedly operating under considerable strain after entering into a settlement agreement, according to recent developments surrounding the club. The situation has drawn attention...
October 3, 2026 - 05:30
NLY 8-K & SEC FilingsAnnaly Capital Management, known by its ticker symbol NLY, continues to provide shareholders and potential investors with detailed financial disclosures through its filings with the Securities and...