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WSG has ushered in a new decade of positive impact: Hamid Al Zaabi

Hamid Al Zaabi, Director-General of the Executive Office for Anti-Money Laundering and Counter Terrorism Financing. (WAM)
  • Al Zaabi said digital transformation has become a reality and threats from the transition affect the economic and social security of countries
  • He said the anti-money laundering office has enhanced the fight against financial crimes and protects the nation's economic security

Dubai, UAE— The World Governments Summit (WGS) has ushered in a new decade of positive impact, inspiring governments and societies to join the global community in its ongoing journey to shape the future, according to Hamid Al Zaabi, Director-General of the Executive Office for Anti-Money Laundering and Counter Terrorism Financing (AML/CFT)

In statements to the Emirates News Agency (WAM) on the sidelines of the closing day of the WGS, Al Zaabi stressed that digital transformation has become a reality and that its threats affect the economic and social security of countries.

By utilising the country’s advanced digital infrastructure, he said, the Executive Office for Anti-Money Laundering and Counter Terrorism Financing has built a powerful intelligent system, significantly enhancing the fight against financial crimes and protecting the nation’s economic security.

He added that the Executive Office, in cooperation with various partners, is working on developing legislations that support the country’s digital economy, including the regulation of virtual assets to reduce their risks, in accordance with the best international practices.