Question to the Foreign, Commonwealth & Development Office:
To ask the Secretary of State for Foreign, Commonwealth and Development Affairs, what assessment her Department has made of how the UK-UAE partnership on illicit finance will interact with multilateral initiatives such as the Financial Action Task Force.
The UK-UAE Partnership to Tackle Illicit Financial Flows, chaired by the Home Office, is a cross-governmental effort to strengthen operational cooperation and disrupt financial crime. A senior UAE delegation visited the UK on 2 and 3 September to advance this work. The Financial Action Task Force (FATF) sets and evaluates countries against global standards, which is a separate and technical process. Our bilateral engagement complements implementation of the FATF standards and supports international financial integrity.