HOW UAE IS TACKLING TERROR FINANCING

Two programmes — Certified Anti-Money Laundering Specialist (CAMS) certification and Certified Global Sanctions Specialist (CGSS) certification — will be introduced to train and certify professionals on global compliance standards and procedures to fight illicit finance.

It is part of the UAE’s ongoing national initiative to combat money laundering and terrorist financing.

The CGSS programme will train mid- to senior-level professionals on the legal framework, regulatory expectations, and criminal typologies associated with highly complex and rapidly changing sanctions space.

It aims to strengthen the nation’s position as a regional banking, trade and investment hub.

It will also train professionals how to identify potential instances of sanctions evasion tied to trade finance and banking, and conduct due diligence reviews of high-risk entities and transactions.