Implementing the AML (40) Recommendations and the (9) Special CFT Recommendations, issued by Financial Action Task Force (FATF), as well as other international AML/CFT initiatives and directives. 4. Establishing the appropriate legal frameworks to protect UAE economic security in a way that ensures co-operation with the international community, within the context of international efforts exerted to combat crimes, including AML/CFT crimes.
As the year progressed, the long-term interest rate moved considerably closer to the comparable German rate, and by the final months of the year the differential had stabilized at about ½ percentage point. One significant development in 1996 was the continued strengthening of the banks and the termination of a period of several years of negative financial results.