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Comprehensive UAE campaign to eliminate money laundering operations and the use of precious metals in funding terrorist activities
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The United Arab Emirates has launched an expanded campaign to combat illicit gold trade as part of broader efforts to counter money laundering and terrorist financing.
The campaign targets control of precious metals supply chains and aims to prevent their use in internationally prohibited activities.
The move reflects the UAE's commitment to international standards in combating illegal financing and terrorism.
The UAE has launched an expanded campaign to combat illicit gold trading with the aim of cutting off terrorism financing and money laundering pathways. The campaign focuses on tightening oversight of precious metals supply chains locally and globally, particularly as the UAE is considered one of the world's largest gold trading hubs.
The new regulatory measures could impact gold traders and companies operating in the sector through stricter documentation requirements and more rigorous inspections. The move reflects the UAE's commitment to strict international standards that could raise transparency standards in the broader regional financial sector.
Pierre Dubois