22

Jul

2024

Abu Dhabi

uncategorized

“Union Association for Human Rights”: FATF Announcement Reflects UAE’s Real Success in Economic Rights

Dr. Fatima Khalifa Al Kaabi, President of the Union Association for Human Rights Board, stated that the Financial Action Task Force (FATF) announcement in March 2024, confirming that the UAE has completed implementing all the 15 recommendations outlined in its action plan, reflects the real and tangible success of economic rights in the UAE. She lauded the efforts made by the nation in this regard, affirming that this recognition in March 2024 acknowledges the UAE’s achievement in strengthening its international financial and investment standing. It highlights the nation’s alignment with international standards that support its advancement and commitment to advanced international benchmarks, according to global best practices, in line with its national strategy to combat international crime and its close ties to human rights. She added that this tangible progress benefits UAE society by fostering a rights-based environment and bolstering trust in its financial and banking institutions related to enhancing the country’s economic rights. It raises the level of confidence and reliability in the stability and growth of the nation, exemplifying the exceptional efforts made by various state bodies and all civil society organizations within the UAE. These contributions enhance prosperity and welfare while highlighting the UAE’s aim to lead in transparency and sustainable development indicators. It is noteworthy that the Union Association for Human Rights is dedicated to promoting the respect for human rights and seeks to achieve partnership and integration in national efforts at the rights level. The association supports the core values and principles of human rights established in international legitimacy, essential human rights conventions, and international humanitarian law. It further aims to enhance the representation and participation of UAE civil society in all national, regional, and international events and forums.