The Activities of Combating Money Laundering and Asset Recovery Conference, organized by the Ministry of Interior in cooperation with the International Criminal Police Organization (Interpol), kicked off today in Dubai.

Several local and international experts will speak at the conference about promoting joint action in the face of financial crimes and the best means to confront them and reduce their risks to society.

Representatives from the Irish Ministry of the Interior, the International Criminal Police Organization (Interpol), the Ministry of Justice, the Executive Council for Combating Money Laundering and Terrorist Financing, the UAE Financial Intelligence Unit, the Central Bank of the Emirates, the state's public prosecutors, Ministry of Interior, United Nations Office on Drugs and Crime, the Gulf Police, and a large number of liaison officers from brotherly and friendly countries working in their country's embassies in the UAE will participate in the conference, which was opened today, and will last for three days.

The discussions of the first day dealt with a number of main themes related to the types of financial crimes, combating money laundering, their definition, how to reduce them, the best practices applied in facing the challenges resulting from them, as well as ways to enhance cross-country joint cooperation in order to enhance efforts to combat such crimes and improve coordination and cooperation internationally on issues Relating to countering money laundering and the importance of developing legal legislation to keep pace with technical and new developments.

The UAE national strategy to combat money laundering and terrorist financing, the national action plan, and the efforts made by the concerned authorities to strengthen the country's anti-financial crime system were also introduced.