The UAE has conducted high-level meetings with a delegation from the Financial Monitoring Agency of the Republic of Kazakhstan (FMA-RK) in Abu Dhabi.
Represented by the General Secretariat of the National Committee for Combating Money Laundering, Terrorism Financing, and the Financing of Illegal Organisations (GS-NAMLCFTC), it highlights the UAE’s commitment to strengthen global partnerships in combating financial crimes.
The meetings were attended by senior officials from both sides, along with a distinguished group of experts and specialists in the fields of AML and CFT. The discussions aim to enhance bilateral cooperation between the UAE and Kazakhstan, as well as exchanging expertise and insights to tackle financial crimes.
Hamid Saif AlZaabi Secretary-General of the General Secretariat and Vice Chairman – NAMLCFTC
“In addition to our bilateral relations, both countries actively engage in the Eurasian Group under the Financial Action Task Force (FATF), reflecting our shared commitment to addressing these cross-border crimes. Through the exchange of expertise and information among experts and specialists, we continue to strengthen the strategies in place and stay updated on the latest developments and trends in this vital field.”
Janat Elimanov, Chairman of the Financial Monitoring Agency of Kazakhstan, added that, “Both Kazakhstan and the UAE possess extensive local expertise in areas such as technology, data, and systems, which has allowed us to hold these very productive meetings.”
During the meetings, senior members of (GS-NAMLCFT) presented the UAE’s comprehensive understanding of risks, developed through the completion of the updated National Risk Assessment and recent updates to the Virtual Asset Risk Assessment. These insights were significantly reflected in the UAE’s National Strategy for AML/CFT/CFP for the years 2024–2027, published in Q4 2024.
Recent developments in the UAE’s efforts to combat AML/CFT were reviewed, highlighting current projects and new national initiatives.
A major highlight was the “AML TRACK” platform, a cutting-edge, secure government digital network that connects relevant stakeholders and serves as a comprehensive analytical tool for tracking AML/CFT activities in the country, ensuring data accuracy and enhance information governance.
The National Statistics Platform was also introduced, a pioneering digital infrastructure developed by the General Secretariat, aimed at elevating the data collection approach, ensuring its accuracy and easy access.
Team members from the Public-Private Partnership Forum discussed one of its initiatives focused on strengthening dialogue and technical cooperation between the public and private sectors to combat money laundering and terrorist financing.
The initiative establishes a robust legal framework for cooperation between government entities and the private sector, aimed at identifying and mitigating financial crime risks through compliance with the updated National Risk Assessment recommendations and international standards set by the Financial Action Task Force (FATF).
The Kazakh delegation wrapped up its visit with a meeting at the UAE’s Financial Intelligence Unit, where both sides shared expertise and discussed best practices for tackling financial crimes, with an emphasis on virtual assets and other emerging financial threats.
This highlights the shared commitment of both nations to enhancing global financial systems and ensuring greater security and stability on an international scale.
