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11/17/2021

READOUT: Deputy Secretary Adeyemo Meets with Banking Leaders in United Arab Emirates | U.S. Department of the…

READOUT: Deputy Secretary Adeyemo Meets with Banking
Leaders in United Arab Emirates
November 16, 2021

DUBAI — Today, Deputy Secretary of the Treasury Wally Adeyemo met with members of the
UAE Banks Federation to discuss economic opportunities, money laundering and illicit finance.
He shared that a major focus of the Treasury Department is engaging with the financial sector
to help counter terrorist and proliferation financing, among other illicit activities. Participants
shared their views about the banking sectorʼs role in the global economic recovery, risks facing
the financial sector in the region, and cybersecurity. Finally, Deputy Secretary Adeyemo
underscored the need for open communication with the financial sector, as it is critically
important to joint e orts to protect the US and international financial systems from abuse.

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https://home.treasury.gov/news/press-releases/jy0486

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