UAE Hosts First APG Annual Meeting in the Middle East
The UAE National Committee for Anti-Money Laundering and Combatting the Financing of Terrorism and Illegal Organisations (NAMLCFTC) is hosting the 2024 Asia Pacific Group on Money Laundering (APG) Annual Meeting and Technical Assistance and Training Forum in Abu Dhabi starting September 22. This marks the first time the APG Annual Meeting will be held in the Middle East, reflecting the UAE’s commitment to international partnerships in the fight against financial crime.
The APG represents 42 jurisdictions across the Asia-Pacific region, with an additional eight observer jurisdictions and 33 observer organisations. The UAE joined the Asia Pacific Group as an observer in July 2023, becoming the first Arab country to do so.
Doubts Revealed
UAE -: UAE stands for the United Arab Emirates. It is a country in the Middle East, known for cities like Dubai and Abu Dhabi.
APG -: APG stands for Asia Pacific Group on Money Laundering. It is a group of countries that work together to stop illegal money activities.
NAMLCFTC -: NAMLCFTC stands for the UAE National Committee for Anti-Money Laundering and Combatting the Financing of Terrorism and Illegal Organisations. It is a group in the UAE that fights against illegal money and terrorism.
Annual Meeting -: An Annual Meeting is a big gathering that happens once a year where people discuss important topics.
Technical Assistance and Training Forum -: This is a special event where experts help others learn new skills and knowledge about stopping illegal money activities.
Abu Dhabi -: Abu Dhabi is the capital city of the UAE. It is a very important and rich city.
Middle East -: The Middle East is a region that includes countries like UAE, Saudi Arabia, and Egypt. It is known for its deserts and oil.
Jurisdictions -: Jurisdictions are areas or regions that have their own laws and rules. In this context, it means different countries or regions that are part of the APG.
Observer entities -: Observer entities are groups or organizations that watch and learn from the meetings but do not have a direct role in decision-making.
