UAE: Consultation Launched to Seek Views on Regulation of Money Laundering
Arabian Business, 22 November 2022: The UAE’s Public-Private Partnership Sub-Committee (PPPSC) has issued a draft report as a consultation paper, seeking comments and feedback from relevant stakeholders on a proposed regulatory approach to curb money laundering and terrorism financing activities.
The PPPSC has recommended a formal sharing agreement relating to strategic information and intelligence between the public and private sectors, as well as strict rules for confidentiality and data protection for information sharing.
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