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October 30, 2018 11:02 am

UAE Passes Law to Combat Money Laundering, Terror Financing

avatar by Reuters and Algemeiner Staff

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United Arab Emirates President Sheikh Khalifa bin Zayed al-Nahyan listens to closing remarks during the closing ceremony of the Gulf Cooperation Council (GCC) summit in Kuwait’s Bayan Palace, Dec. 15, 2009. Photo: Reuters / Stephanie McGehee.

The United Arab Emirates passed a law to combat money laundering and terrorism financing, it said on Tuesday.

The law follows a decree by UAE President Sheikh Khalifa bin Zayed al-Nahyan.

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