The UAE’s Cabinet has approved the establishment of an Executive Anti-money Laundering and Terrorist Financing Office. The Executive Office of the Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT) will oversee the implementation of the UAE’s National AML/CFT Strategy and National Action Plan which are aimed at strengthening the country’s anti-financial crime system. Hamid Al Zaabi has been appointed as the Director-General of the Executive Office. It will report to the Higher Committee overseeing the UAE’s National AML/CFT Strategy which is chaired by the Foreign Affairs and International Cooperation Minister.