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U.A.E.
UAE
abbreviation
United Arab Emirates
Example Sentences
A U.A.E. official said the country is committed to preventing misuse of its territory for illicit finance and was working with international partners to disrupt and deter it.
The U.A.E. long had a reputation for being a hub for illicit funds and was placed on the Financial Action Task Force’s “gray list” in 2022 for not doing enough to confront money laundering and terror finance.
John Hurley, Treasury’s undersecretary for terrorism and financial intelligence, stopped in the U.A.E. and Turkey before visiting Lebanon earlier this month to discuss combating Iranian money laundering and the financing of terrorism.
The name of the U.A.E. investor couldn’t be learned.
The U.A.E.’s minister of economy has likened spending on sovereign AI to spending on areas like defense and cybersecurity.
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