Welcome to the EU Global Facility and Anti-Money Laundering AML/CFT Event in UAE! Combatting money laundering and terrorism financing is vital for economic integrity. For over ten years, the IMF has actively worked on AML/CFT controls to counter these financial crimes. Join us for effective communication at the event with Sim-Trans interpretation services and cutting-edge technology. Discover more about our global event involvement. That’s where our interpretation services and equipment come in.
With the latest technology and skilled interpreters, we will bridge any language barriers and provide a seamless experience for all attendees. Please keep reading to learn more about our involvement in this global event!
Understanding Anti-Money Laundering (AML) and Counter Financing Terrorism (CFT)
AML/CFT which stands for Anti-Money Laundering/Combating the Financing of Terrorism. Money laundering involves engaging in an underlying criminal activity and then disguising the proceeds or using them to further criminal activities. Money laundering and terrorism financing have significant economic impacts by diverting resources from productive uses.
The IMF actively addresses these issues with over ten years of AML/CFT control efforts, promoting financial market integrity. Ms. Safeya Al Safi, Head of the Anti-Money Laundering Division of the UAE Ministry of Economy. In the UAE, 88% of companies register Beneficial Ownership info, reflecting a commitment to combat financial crimes and ensure accurate business information.
Role of Sim-Trans Interpretation Equipment in this Event (AML/CFT)
Our interpretation equipment plays a crucial role in this event on AML/CFT. With the global nature of these financial crimes, it is essential to have effective communication between participants from different countries.
Our advanced technology ensures real-time language translation, breaking down barriers and fostering international cooperation. Harness the power of Sim-Trans Translation interpretation services to strengthen collective efforts against money laundering and terrorism financing, creating a safer financial environment.
Dubai Office: +971 (54) 403-4701
Riyadh, Saudi Arabia: +966-56-2381937
Deggendorf, Germany: +49(991)9999-9944
Giza, Egypt: +20 (109) 838 7157