India, UAE Boost FATF Cooperation to Counter Terror Financing, Money Laundering

India and the United Arab Emirates have agreed to deepen their cooperation within the Financial Action Task Force framework to counter terror financing and bolster anti-money laundering efforts. The commitment was made during the official visit of UAE President Sheikh Mohamed bin Zayed Al Nahyan to New Delhi, where he met with Prime Minister Narendra Modi. Both leaders strongly condemned cross-border terrorism and emphasized the need to hold financiers and perpetrators of terrorism accountable. The discussions also covered expanding bilateral trade, regional issues, and the UAE's support for India's upcoming BRICS chairmanship.

Key Points: India-UAE Strengthen FATF Cooperation Against Terror Financing

  • Strengthen FATF cooperation
  • Condemn cross-border terrorism
  • Support India's BRICS chairmanship
  • Expand bilateral trade via CEPA
3 min read

India, UAE to strengthen cooperation under FATF framework to counter-terror financing, anti-money laundering

India and UAE agree to enhance cooperation under FATF to counter terror financing and money laundering during UAE President's visit to New Delhi.

"reiterated their unequivocal condemnation of terrorism in all its forms and manifestations - Joint Statement"

New Delhi, January 19

India and the United Arab Emirates on Monday agreed to continue cooperation within the framework of the global watchdog on money laundering and terrorist financing, the Financial Action Task Force, to counter terror financing and bolster anti-money laundering efforts, following the visit of UAE President Sheikh Mohamed bin Zayed Al Nahyan to India.

According to a joint statement, both leaders "reiterated their unequivocal condemnation of terrorism in all its forms and manifestations, including cross-border terrorism, and emphasised that no country should provide safe haven to those who finance, plan, support or commit terrorist acts."

"They agreed to continue cooperation within the framework of the Financial Action Task Force (FATF) to counter terror financing and strengthen anti-money laundering efforts," the Joint Statement read.

Speaking on the visit, Foreign Secretary Vikram Misri said that during the discussion between Prime Minister Narendra Modi and the UAE President, both leaders strongly condemned cross-border terrorism and emphasised that those involved in planning, supporting, or financing terrorist acts must be held accountable.

Misri further acknowledged the UAE President's support for India's BRICS Chairmanship, scheduled for later this year.

"Both leaders unequivocally condemned cross-border terrorism and for the perpetrators, supporters, and financiers of all acts of terrorism to be brought to justice. The UAE President expressed his support for the success of India's chairmanship of the BRICS grouping this year," the Foreign Secretary said.

"Though this has been a visit of just about 3-3.5 hours, it has been an extremely substantive visit," he added.

India also conveyed support for the 2026 UN Water Conference, to be co-hosted by the UAE, focusing on accelerating the implementation of Sustainable Development Goals (SDG) 6 to ensure sustainable water and sanitation management globally.

Both leaders also exchanged views on regional and global issues of mutual interest, underscoring their shared commitment to regional peace, security, and stability.

The joint statement highlighted "excellent cooperation and mutual support at multilateral and plurilateral fora."

On regional issues such as Yemen, Gaza, and Iran, Misri confirmed that discussions took place, adding, "Both leaders had the opportunity to share their views and opinions in detail on these issues."

Regarding trade, the Foreign Secretary said the discussion primarily focused on bilateral trade and the positive impact of the India-UAE Comprehensive Economic Partnership, with both sides looking to expand trade in the coming years.

"On trade and tariffs, mostly this discussion was about bilateral trade and the salutary impact that the India-UAE Comprehensive Economic Partnership has had on bilateral trade and how we need to expand it in the coming years," Misri said.

These come following the official visit of the President of the UAE, Sheikh Mohamed bin Zayed Al Nahyan, to India earlier today.

This was Sheikh Mohamed's third official visit to India since assuming office as President of the United Arab Emirates, and his fifth in the past decade, reflecting the frequency and intensity of high-level engagement between New Delhi and Abu Dhabi.

Following the visit, the Ministry of External Affairs, in a post on X, stated that both leaders engaged in comprehensive discussions on bilateral, regional, and global matters, focusing on enhancing cooperation in trade, investment, defence, technology, and people-to-people ties to further strengthen the partnership between the two countries.

"PM Narendra Modi and UAE President HH Sheikh Mohamed bin Zayed held wide-ranging discussions on bilateral, regional and global issues. Discussions focused on imparting further strength in areas across trade, investment, defence, technology and people-to-people ties, shaping a brighter future for both nations. Their meeting reflected close personal bond between two leaders and highlighted remarkable growth in India-UAE partnership," the MEA stated in the post.

- ANI

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Reader Comments

S
Sarah B
As someone who works in finance, this is significant news. The UAE is a major financial hub, and aligning with FATF standards together will make it harder for illicit funds to move. Good for the global economy too.
P
Priya S
The focus on trade expansion is what excites me the most. The CEPA has already been a game-changer for our exports. More jobs, more growth. The strategic partnership is really delivering for the common person.
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Rahul R
While the intent is good, we need to see actual results on the ground. Agreements are one thing, but tracking and freezing terror funds in real-time is another. Hope our agencies get the full cooperation they need.
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Nikhil C
The support for India's BRICS chairmanship from UAE is a big diplomatic win. Shows our growing influence. The discussion on Gaza and Yemen is also important - we need stable neighbours for our energy security.
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Kavya N
So much achieved in just 3.5 hours! Speaks volumes about the relationship. My brother works in Dubai, and the people-to-people ties are the real foundation. When governments align like this, it makes life easier for millions of Indians abroad.

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