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Know About

Taking Measures to Combat Money Laundering and Terrorism Financing Crimes

The organisational structure of the Ministry of Economy is designed to reflect the leading role played by the ministry in achieving economic development plans, strengthening the country’s position on the competitiveness map and developing the country's foreign relations. The organisational structure includes the senior leadership of the ministry, headed by His Excellency Abdulla bin Touq Al Marri, Minister of Economy and Cabinet Member, His Excellency Dr Ahmad Belhoul Al Falasi, Minister of State for Entrepreneurship and Small and Medium Enterprises and His Excellency Dr Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade. The organisational units affiliated to the Minister of Economy are the Internal Audit Office, Strategic and Future Department, Government Communication Department, the Minister’s Advisors, the Chief Economist, Information and Economic Studies Department, Economic Policies and Legislations Department and Undersecretary.

Know About

Initiatives to Combat Money Laundering in the UAE

The organisational structure of the Ministry of Economy is designed to reflect the leading role played by the ministry in achieving economic development plans, strengthening the country’s position on the competitiveness map and developing the country's foreign relations. The organisational structure includes the senior leadership of the ministry, headed by His Excellency Abdulla bin Touq Al Marri, Minister of Economy and Cabinet Member, His Excellency Dr Ahmad Belhoul Al Falasi, Minister of State for Entrepreneurship and Small and Medium Enterprises and His Excellency Dr Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade. The organisational units affiliated to the Minister of Economy are the Internal Audit Office, Strategic and Future Department, Government Communication Department, the Minister’s Advisors, the Chief Economist, Information and Economic Studies Department, Economic Policies and Legislations Department and Undersecretary.

What is Money Laundering?

Money laundering is defined as any financial or banking transaction aimed at concealing or changing the source of illegally obtained funds, by passing it through the financial and banking system in order to make it appear as originating from legitimate sources, and then re-pumping and investing it illegally.

Know About

The Risks of Money Laundering and Terrorism Financing

  • 01

    Economic recession

  • 02

    Increase in crime and corruption

  • 03

    Threat to economic stability

  • 04

    Weaken financial institutions

Know About

Anti-Money Laundering Framework in the UAE

Organizational Chart
Know About

A Safe Working Environment for the Business Sector

The organisational structure of the Ministry of Economy is designed to reflect the leading role played by the ministry in achieving economic development plans, strengthening the country’s position on the competitiveness map and developing the country's foreign relations. The organisational structure includes the senior leadership of the ministry, headed by His Excellency Abdulla bin Touq Al Marri, Minister of Economy and Cabinet Member, His Excellency Dr Ahmad Belhoul Al Falasi, Minister of State for Entrepreneurship and Small and Medium Enterprises and His Excellency Dr Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade. The organisational units affiliated to the Minister of Economy are the Internal Audit Office, Strategic and Future Department, Government Communication Department, the Minister’s Advisors, the Chief Economist, Information and Economic Studies Department, Economic Policies and Legislations Department and Undersecretary.

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Developing the Regulatory Framework to Combat Money Laundering and Terrorism Financing

The organisational structure of the Ministry of Economy is designed to reflect the leading role played by the ministry in achieving economic development plans, strengthening the country’s position on the competitiveness map and developing the country's foreign relations. The organisational structure includes the senior leadership of the ministry, headed by His Excellency Abdulla bin Touq Al Marri, Minister of Economy and Cabinet Member, His Excellency Dr Ahmad Belhoul Al Falasi, Minister of State for Entrepreneurship and Small and Medium Enterprises and His Excellency Dr Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade. The organisational units affiliated to the Minister of Economy are the Internal Audit Office, Strategic and Future Department, Government Communication Department, the Minister’s Advisors, the Chief Economist, Information and Economic Studies Department, Economic Policies and Legislations Department and Undersecretary.

Sectors of Designated Non-Financial Businesses and Professions

The organisational structure of the Ministry of Economy is designed to reflect the leading role played by the ministry in achieving economic development plans, strengthening the country’s position on the competitiveness map and developing the country's foreign relations. The organisational structure includes the senior leadership of the ministry, headed by His Excellency Abdulla bin Touq Al Marri, Minister of Economy and Cabinet Member, His Excellency Dr Ahmad Belhoul Al Falasi, Minister of State for Entrepreneurship and Small and Medium Enterprises and His Excellency Dr Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade. The organisational units affiliated to the Minister of Economy are the Internal Audit Office, Strategic and Future Department, Government Communication Department, the Minister’s Advisors, the Chief Economist, Information and Economic Studies Department, Economic Policies and Legislations Department and Undersecretary.

Brokers and
real estate agents

Dealers of precious
metals and gemstones

Independent
accountants and auditors

Corporate
service providers

Know About

The Financial Action Task Force – FATF

The organisational structure of the Ministry of Economy is designed to reflect the leading role played by the ministry in achieving economic development plans, strengthening the country’s position on the competitiveness map and developing the country's foreign relations. The organisational structure includes the senior leadership of the ministry, headed by His Excellency Abdulla bin Touq Al Marri, Minister of Economy and Cabinet Member, His Excellency Dr Ahmad Belhoul Al Falasi, Minister of State for Entrepreneurship and Small and Medium Enterprises and His Excellency Dr Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade. The organisational units affiliated to the Minister of Economy are the Internal Audit Office, Strategic and Future Department, Government Communication Department, the Minister’s Advisors, the Chief Economist, Information and Economic Studies Department, Economic Policies and Legislations Department and Undersecretary.

Study the Guides

Read Financial Crimes Laws

Asset Publisher

المرسوم بقانون رقم 26 لسنة 2021 المعدل لقانون مواجهة غسل الاموال
Federal Decree by Law No (20) of 2018 on Anti-Money Laundering and Combatting the Financing of Terrorism and Illegal Organisations
Cabinet Resolution No 53 of 2021 Concerning the Administration Penalties
Cabinet Decision No (16) of 2021 regarding the Unified List of the Violations and Administrative Fines for the Said Violations of Measures to Combat Money Laundering and Terrorism Financing
Cabinet Decision No (58) of 2020 Regulating the Beneficial Owner Procedures
Cabinet Resolution No (74) of 2020 regarding the Terrorism Lists Regulation and Implementation of UN Security Council Resolutions on the Suppression and Combatting of Terrorism, Terrorist Financing, Countering the Proliferation of Weapons of Mass Destruction and its Financing, and Relevant Resolutions
Extending the deadline granted for Designated Non-Financial Businesses and Professionals (DNFBPs) to register in the goAML system until April 30, 2021
Circular No 1-2021
Circular No 2-2021
Circular No 3-2021
Circular No 4-2021
Circular No 5-2021 goAML deadline circular
Circular No 6-2021 for High-Risk Country
Circular for establishments conducting their activities in the country, including commercial free zones, for designated non-financial businesses and professions
Circular No 3-2020 concerning the Procedures of Cabinet Resolution No (74) of 2020 regarding the Terrorist List System and the Implementation of Security Council Resolutions Related to Preventing and Suppressing Terrorism and its Financing, Counter of Proliferation and its Financing, and the relevant resolutions
Notification Form
Simple Guide to Subscribe to Sanctioned List
Cabinet Decision No (10) of 2019 concerning the Implementing Regulation of Decree Law No (20) of 2018 on Anti-Money Laundering and Combatting the Financing of Terrorism and Illegal Organisations

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