Export Control & Combating Terrorist Financing

The UAE steadfastly combats illegal financial activities, such as money laundering, and actively works to eliminate terrorist financing networks.

Safeguarding the integrity of the global financial system is in line with the UAE’s commitment to enhance its competitiveness and become a global financial center and preferred destination for business, investment, and economic partnerships with countries worldwide.

A Strong and Sustainable National Framework

In 2021, the UAE established an Executive Office of Anti-Money Laundering and Counter Terrorism Financing to lead the implementation of the UAE’s whole-of-government strategy, in close coordination with regional and global entities, including the United States.

Steps taken by the UAE include increasing investigations and prosecutions around illicit financial transactions, boosting international cooperation, and better aligning virtual asset regulation with international standards.

The UAE Strongly Supports and Fully Enforces UN Sanctions

The UAE is unwavering in its obligation under Chapter VII of the United Nations Charter and relevant EU Council Resolutions to freeze, without delay, all funds or other assets of any person, group or entity designated by the UN Security Council or a relevant UN Security Council Committee associated with Iran’s or the Democratic People’s Republic of Korea’s nuclear or ballistic missile activities. The UAE works to ensure that no funds or other assets are made available to or for the benefit of any such person, group or entity either by a UAE national or any person or entity within UAE territory.

A Stringent Export Control Law with Stiff Penalties

The UAE has tightened export control laws and enforcement to prevent the movement of illicit goods and materials across its borders. In August 2007, the UAE government enacted a stringent export control law that includes stiff penalties for parties involved in the diversion of controlled shipments.

To help implement this law, the UAE cabinet formed the UAE Committee on Commodities Subject to Import and Export Control, which includes representatives from across the UAE government. These measures are in line with the UAE’s vision of maintaining security and stability in the UAE and abroad.

Strong Enforcement Leads to Interdiction

As a result of the law, the UAE has shut down dozens of international and local companies involved in money laundering and proliferation of dual-use and dangerous materials banned under the Nonproliferation Treaty and multiple UN resolutions. UAE security forces have interdicted scores of ships suspected of carrying illicit cargo, based on intelligence from its own and third-country agencies.

The UAE Works with US Partners

The UAE and related agencies and companies are involved in bilateral and multilateral initiatives designed to enhance safety and control processes:

• The UAE joined the Nonproliferation Treaty in 1996, is a member of the International Atomic Energy Agency, and cooperates with the Missile Technology Control Regime.
• The UAE participates in the US Container Security Initiative (CSI), a security regime that includes a team of US Customs and Border Protection officers permanently stationed inside Dubai's ports, where they work closely with Dubai Customs to screen containers destined for the United States.
• The UAE worked with the US Department of Energy to implement the Megaports Initiative, a multinational effort aimed at deterring terrorists from using the world's seaports to ship illicit materials; detecting nuclear or radioactive materials if shipped via sea cargo; and interdicting harmful materials so they cannot be used by terrorists.
• The UAE is a signatory to the Arab Convention for the Suppression of Terrorism.
• Ports operated by Dubai Ports World participate in the Security Freight Initiative, a US Department of Homeland Security pilot program to test the methods used to screen US-bound cargo for radiation.
• The UAE is a signatory to the Proliferation Security Initiative (PSI), which is aimed at stopping shipments of weapons of mass destruction, their delivery systems, and related materials worldwide.
• Dubai Ports World has been certified as a partner in the Customs-Trade Partnership Against Terrorism, a government-business cargo security initiative led by the US Department of Homeland Security.
• The US Department of State, through its Export Control and Related Border Security Assistance program, is helping the UAE improve its enforcement and licensing capabilities aimed at curbing the transshipment of elicit materials.
• The Joint UAE-US Financial Counterterrorism Task Force enhances cooperation, coordination and information sharing to shut down terrorist financing networks and cut off the flow of funds to extremists.
  • The Task Force helps block funding to extremists from individuals and commercial activity such as black market sales of oil, and prevents access to the international banking system.

The UAE Fights Terrorist Financing 

The UAE has frozen the accounts of known terrorists and enacted aggressive anti-money laundering initiatives. New counter-terrorist financing laws and regulations have been introduced and enforced. The UAE:

• Committed to the International Convention on the Suppression of the Financing of Terrorism, in 2005
• Ratified the UN Convention Against Transnational Organized Crime in 2007
• Is a member of the Middle East and North Africa Financial Action Task Force (MENAFATF), which facilitates international cooperation against terrorist financing.
• Belongs, through the Gulf Cooperation Council, to the Financial Action Task Force, which supports non-proliferation principles and enforcement.
• Created a financial intelligence unit, an Anti-Money Laundering and Suspicious Cases Unit, and is a member of the Egmont Group of Financial Intelligence Units.
• Enacted a law in 2018 to ensure compliance with international standards on anti-money laundering and countering terrorist financing policy.
  • The law implements frameworks for monitoring credit standing, disclosure, compliance and governance procedures in the operations of the Central Bank of the UAE, to ensure confidence in the national economy.
• In 2021, the UAE established an Executive Office of Anti-Money Laundering and Counter Terrorism Financing to oversee the implementation of the UAE’s national anti-money laundering and countering the financing of terrorism (AML/CFT) strategy, in close coordination with the Financial Action Task Force (FATF) and other regional and global entities.
• In 2024, the FATF announced the UAE’s completion of all 15 recommendations of its action plan, and congratulated the UAE on this achievement.

Enhanced Financial Monitoring 

• The UAE supports strict enforcement of counter-terrorist financing laws and regulations, encouraging increased monitoring of charitable fundraising and further examination of money flows across the region.
• The Central Bank of the UAE established a dedicated Department in August 2020 to handle all Anti-Money Laundering and Combatting the Financing of Terrorism matters (AML/CFT). Through this effort, the Central Bank coordinates closely with the UAE’s National AML/CFT Committee to effectively implement the National Action Plan.