Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister of the UAE and Ruler of Dubai, announced the changes to the federal system. The Executive Office for the Prevention of Money Laundering will be under the Ministry of External Affairs.
Last month, the Ministry of Finance set up an anti – money laundering unit. In addition, a special court has been set up in Abu Dhabi to prosecute money launderers. The National Entrepreneurship Council will be launched under the leadership of Ahmed Belhull. The council aims to encourage entrepreneurs. The Judicial Coordinating Council will be set up to coordinate national monetary policy.
The chief is Sultan Albadi. The cabinet also said that new laws would be enacted to protect the country’s monuments and encourage locals to explore archeology.
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