# Are there any international obligations for the UAE to counter financial crimes?

**URL:** <https://www.amlfaqs.com/t/are-there-any-international-obligations-for-the-uae-to-counter-financial-crimes/141>\
**Category:** UAE\
**Tags:** compliance, money-laundering, aml\
**Created:** [September 25, 2024, 3:47pm UTC](https://www.amlfaqs.com/t/are-there-any-international-obligations-for-the-uae-to-counter-financial-crimes/141 "2024-09-25T15:47:21Z")\
**Posts on this page:** 2\
**Page:** 1

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**Author:** ![pathik](https://yyz2.discourse-cdn.com/flex010/user_avatar/www.amlfaqs.com/pathik/32/5_2.png) [@pathik](https://www.amlfaqs.com/u/pathik)\
**Post date:** [September 25, 2024, 3:47pm UTC](https://www.amlfaqs.com/t/are-there-any-international-obligations-for-the-uae-to-counter-financial-crimes/141/1 "2024-09-25T15:47:21Z")

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Are there any international obligations for the UAE to counter financial crimes?

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<div class="post-metadata">

**Author:** ![pathik](https://yyz2.discourse-cdn.com/flex010/user_avatar/www.amlfaqs.com/pathik/32/5_2.png) [@pathik](https://www.amlfaqs.com/u/pathik)\
**Post date:** [September 25, 2024, 3:47pm UTC](https://www.amlfaqs.com/t/are-there-any-international-obligations-for-the-uae-to-counter-financial-crimes/141/2 "2024-09-25T15:47:37Z")

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The United Arab Emirates has endorsed and implemented various international and regional initiatives, including:

1. 40 recommendations issued by the FATF.

2. The Basel Statement of Principles issued by the Basel Committee.

3. The Council of Europe Convention on money laundering, search, seizure and confiscation of the proceeds of crime.

4. European Community directive to prevent money laundering activities in the banking system.