UAE Cross-border financial news selection（9.29)

1.Per UAE Cabinet Decision: The National Anti-Money Laundering and Combating Financing of Terrorism and Financing of Illegal Organisations Committee Replaces the Executive Office of the Anti-Money Laundering and Countering the Financing of Terrorism

The UAE Cabinet has issued a decision?according to which the National Anti-Money Laundering and Combating Financing of Terrorism and Financing of Illegal Organisations Committee (NAMLCFTC) shall replace the Executive Office of the Anti-Money Laundering and Countering the Financing of Terrorism (The Executive Office) in all rights and obligations, and all employees of the Executive Office shall be transferred to it, and His Excellency Hamid Saif Al Zaabi shall be appointed Secretary-General of the NAMLCFTC.?

This decision comes in accordance with Federal Decree Law No. (7) of 2024?amending some provisions of Federal Decree Law No. (20) of 2018 regarding?Combating Money Laundering Crimes and Combating the Financing of Terrorism and the Financing of Illegal Organisations. The amendments included the establishment of a General Secretariat for the NAMLCFTC, headed by a?Secretary-General, who will be Vice-Chairman and a member of the Supreme?Committee Overseeing the National Strategy on Anti-Money Laundering and?Countering the Financing of Terrorism.?

2.The CBUAE Releases Financial Stability Report 2023: UAE Banking Sector Showcases Resilience with Strong Capital Buffers and Favourable Liquidity Conditions

The Central Bank of the United Arab Emirates (CBUAE) issues its Financial Stability Report for 2023. The report provides a comprehensive assessment of the stability of the UAE financial system and its developments. The report showcases the resilience of the UAE banking sector in 2023, which was evidenced by robust capital buffers, favourable liquidity conditions, improved asset quality ratios, and increased profitability.

The report highlights global and local macroeconomic trends, money market developments, domestic asset markets, and provides a detailed assessment of the UAE banking system, as well as non-bank financial institutions and the broader financial infrastructure. It underscores the continued resilience of the UAE financial system, demonstrating the effectiveness of the CBUAE's policy interventions. The report also covers significant developments in digitalisation and sustainability, reflecting the banking sector's vital role in bolstering the UAE's economic resilience and competitiveness.

The report indicates that the UAE benefitted from favourable domestic conditions in 2023, which shielded the financial system from adverse global economic trends. The UAE's real GDP grew by 3.6% in 2023, driven by a robust 6.2% expansion in the non-oil sector, particularly in tourism, real estate, and finance.

3.NAMLCFTC取代反洗錢執行辦公室，進壹步加強國家反洗錢體系

根據阿聯酋內閣最新決定，國家反洗錢和打擊恐怖主義融資及非法組織融資委員會（NAMLCFTC）將全面接替反洗錢和打擊恐怖主義融資執行辦公室（執行辦公室）的所有權利與義務，原執行辦公室的全體員工將轉移至NAMLCFTC。同時，Hamid Saif Al Zaabi閣下被任命為NAMLCFTC秘書長。

該決定依照2024年第7號聯邦法令進行，該法令修改了2018年第20號聯邦法令中的部分條款，涉及打擊洗錢、恐怖主義融資及非法組織融資犯罪的相關內容。修正案還規定，NAMLCFTC將設立總秘書處，由秘書長領導，秘書長還將擔任全國反洗錢和打擊恐怖主義融資戰略監督委員會的副主席及成員。

阿聯酋中央銀行行長兼NAMLCFTC主席Khaled Mohamed Balama閣下表示：“內閣的這壹決定體現了明智領導的指示，彰顯了阿聯酋堅定保護全球及本地金融體系完整性的承諾，並采取了壹切必要措施以應對全球金融犯罪。阿聯酋在反洗錢和打擊恐怖主義融資方面的舉措基於領導層的遠見與全國反洗錢及打擊恐怖主義融資戰略監督委員會的指示，並建立在高效的國家系統和強大的法律框架基礎上。”

4.阿布紮比金融周2024：匯聚全球金融精英 展現國際金融中心實力

由阿布紮比王儲、阿布紮比執行委員會主席謝赫·哈立德·本·穆罕默德·本·紮耶德·阿勒納哈揚殿下贊助的2024年阿布紮比金融周將於12月9日至12日舉行。本次盛會吸引了來自50家全球知名金融機構的300位首席執行官和董事會主席參加，彰顯了阿布紮比作為國際金融中心的影響力。

阿布紮比全球市場（ADGM）董事會主席艾哈邁德·賈西姆·紮阿比閣下表示，阿布紮比正穩步邁向全球金融強國，阿布紮比金融周2024將成為全球金融界的重要平臺和標誌性活動。

本次活動匯聚了全球金融界的頂尖人物，包括瑞銀集團、Nuveen、PGIM、AXA IM、General Atlantic等知名機構的首席執行官。同時，阿聯酋本地金融巨頭如阿聯酋迪拜國家銀行集團也將派高層出席。著名投資者如橋水基金創始人雷·達裏奧等也將蒞臨現場，共同探討全球金融發展趨勢。

此外，阿聯酋政府高層也將積極參與，包括阿聯酋獨立氣候變化加速器總裁兼首席執行官謝赫·沙瑪·本特·蘇爾坦·本·哈利法·阿勒納哈揚殿下、阿聯酋經濟部長阿蔔杜拉·本·圖克·阿爾馬裏等。國際學術界和新興金融領域的專家也將參與討論，為活動註入多元化的觀點。

阿布紮比金融周的成功舉辦，不僅展示了阿布紮比在全球金融舞臺上的重要地位，也為探討金融行業未來發展提供了重要平臺。這壹盛會將進壹步推動阿布紮比發展成為全球領先的金融中心，為地區經濟發展註入新的活力。