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UAE Passes Law to Combat Money Laundering, Terror Financing
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by Reuters and Algemeiner Staff
United Arab Emirates President Sheikh Khalifa bin Zayed al-Nahyan listens to closing remarks during the closing ceremony of the Gulf Cooperation Council (GCC) summit in Kuwait’s Bayan Palace, Dec. 15, 2009. Photo: Reuters / Stephanie McGehee.
The United Arab Emirates passed a law to combat money laundering and terrorism financing, it said on Tuesday.
The law follows a decree by UAE President Sheikh Khalifa bin Zayed al-Nahyan.
